Indonesia

Indonesia has announced a joint venture with China’s Contemporary Amperex Technology Co Ltd (CATL) to invest $1.2 billion in battery production.

Temu is operated by PDD Holdings, the parent company of the well-known Chinese retailer Pinduoduo.

Spanning 150,000 square meters, the new facility can process up to 6 million parcels per day at peak capacity, ensuring strong logistics support ahead of the upcoming “Double 11” shopping festival.

WhiteCoat Global, a Singapore-based digital healthcare provider, has announced it will be acquiring Good Doctor Indonesia, the telemedicine platform with the largest insurer and corporate client network in Indonesia.

Indonesian insurtech firm PasarPolis has announced a major expansion of its strategic partnership with GoTo Group's on-demand service firm Gojek, to expand insurance access in Indonesia.

Maybank Investment Bank sees Indonesian e-commerce firm Bukalapak as a potential candidate for TEMU, an online marketplace operated by the Chinese e-commerce company PDD Holdings, due to its leaner business model.

UiPath, an enterprise automation and artificial intelligence (AI) company based in the United States, has announced a partnership with Indosat Ooredoo Hutchison (Indosat) to empower 100,000 digital talents in Indonesia with enterprise automation skills by 2027.

The decision to block TEMU was driven by the increasingly massive threats posed by foreign products on domestic MSMEs online and offline.

This funding comes as Surfin serves 60 million lives across eight countries in three continents, with roughly $2.7 billion in cumulative transactions.

ALVA, a mobility solution provider for two-wheeler electrification, has on Monday announced a strategic collaboration with Google Cloud aimed at boosting customer experience, loyalty, and demand for its electric two-wheelers.