Indonesia

In response to the cyberattack, Indonesia's state auditor said the president instructed it to examine the country's data centers.

Chinese automakers are ramping up their investments in emerging EV markets overseas, especially in regions such as Southeast Asia, the Middle East, and Latin America, at a time when competition remains intense at home and the US and Europe are imposing punitive tariffs on China-made EV imports.

Total funding into Indonesia tech startups plunged 64 percent to $191 million in the first half of 2024, compared with $526 million in the first half of 2023, Tracxn said Tuesday.

Forty-four government agencies, including key ministries, were targets of the ransomware attack, said Usman Kansong, an official from the communications ministry.

Global nonprofit Accion has on Tuesday announced a $17.5 million equity investment from the Accion Digital Transformation Fund in Indonesian microfinance technology company, Amartha.

Indosat Ooredoo Hutchison (Indosat) and Google Cloud have on Thursday announced the expansion of their long-term strategic alliance, aimed at accelerating Indosat’s transformation from telco to AI Native TechCo.

JULO, an Indonesia-based digital financial services platform, announced Tuesday that it has achieved significant loan disbursement growth and on track to disburse more than $650 million in 2024.

McEasy, an Indonesia-based internet-of-things (IoT) and software-as-a-service (SaaS) enterprise company, has raised Series A+ funding from Granite Asia as the lead investor, followed by existing investor East Ventures. Its total Series A funding has now reached $11 million.

In 2023, JETOUR Auto's total annual sales reached 315,167 vehicles, a 75 percent increase year-over-year. It is also worth noting that JETOUR's international exports experienced a remarkable year-over-year increase of 147 percent, far surpassing the overall industry level and reaffirming its status as the fastest-growing new cutting-edge SUV brand in China,…

Jejakin, an Indonesian-based climate tech provider focusing on carbon management platform, has secured new funding of $2.7 million. Notable corporates include PT ITM Bhinneka Power, along with other significant venture capital firms in Southeast Asia and corporates such as Indogen Capital, SMDV and East Ventures.