Indonesia

In November last year, Australia has approved a social media ban for children aged under 16, setting a benchmark for jurisdictions around the world with one of the toughest regulations targeting Big Tech.

The Indonesia-based company may seek a valuation of $1.5 billion to $2 billion in a potential listing.

With this launch, MAKA Motors aims to redefine the riding experience for Indonesian consumers while advancing the electric vehicle ecosystem within the region.

BDx Data Centers, an Indonesia-based data center operator, has announced a data center cooperation agreement with the Association of Indonesia Internet Service Providers (APJII) that will bolster the nation’s digital ecosystem.

Bythen, an Indonesia-based platform that creates ownable digital characters for virtual creators, has announced it has raised $5 million in a seed round of financing led by Vector Inc. and Skystar Capital.

Skor Technologies, the parent company of Indonesia-focused Skorlife and the new Skorcard credit card, has raised $6.2 million in its latest Pre-A round.

Global technology solutions provider Arrow Electronics has entered into a memorandum of understanding (MoU) with Asosiasi Startup for Industry Indonesia (STARFINDO) to bolster tech startups within Indonesia's ecosystem.

Indonesian e-commercer firm Bukalapak said Thursday that the firm has decided to gradually discontinue physical product sales on the Bukalapak platform, starting in February 2025.

J&T Global Express, the Hong Kong-listed Indonesian logistics service provider, announced Tuesday that the firm achieved a total parcel volume of 7.39 billion in the fourth quarter, a 32.5 percent year-over-year increase, with an average daily volume of 80.3 million parcels.

Bukalapak, which went public in 2021, said in a statement that it later would only sell virtual products ranging from mobile phone credits to streaming vouchers.