China’s Tik Tok to invest $1.5B in Indonesia’s GoTo

Chinese entertainment platform Tik Tok will invest $1.5 billion in Indonesia's largest digital ecosystem PT GoTo Gojek Tokopedia Tbk (GoTo Group). GoTo said in a statement on Monday that the duo have undertaken a beneficial strategic partnership to drive long term growth for Indonesia’s micro, small and medium enterprises (MSME) sector and the country’s digital economy as a whole. As part…

CHiQ Debuts at FIS Ski Jumping World Cup 2023

BERLIN, Dec. 11, 2023 /PRNewswire/ -- On December 9, Klingenthal, Germany, hosted the Men's FIS Ski Jumping World Cup, attracting top international skiers who demonstrated their courage and innovation. In a significant first, CHiQ, Changhong's premium brand known for its smart home appliances, participated in the event. The ski jumping showcase was broadcasted by TV and online media in Germany,…

DHGATE Group Co-CEO Chun Li, Addresses the 2023 GoGlobal Forum of 100, Advocates for Enhanced Services to Uplift Global Small Businesses

SHANGHAI, Dec. 11, 2023 /PRNewswire/ -- DHGATE Group, China's leading B2B cross-border e-commerce marketplace, announced that its Co-CEO, Chun Li, participated in the prestigious "2023 GoGlobal Forum of 100" in Shanghai. At the event, Li Chun shared insights on advancing services for small businesses globally and collaborating with platform merchants for mutual growth. DHGATE Group Co-CEO…

Connected commerce: Bridging the gap between online and offline retail

I’d like to share an intriguing note that struck a chord with me in Indonesia, and I reckon it could be handy for folks in other countries too. From my experience running a startup that's all about streamlining distribution networks to connect local brands with consumers in developing cities in Indonesia more efficiently, I wasn't expecting such an overwhelming response from the market. This…

CSRC and SSE receive APAC’s largest real asset manager ESR Group’s application of its public warehousing logistics REIT

New C-REIT focuses on "best-in-class" logistics facilities Backed by APAC's largest real asset manager, ESR Group's leading New Economy platform has approximately US$69 billion of New Economy AUM and APAC's largest New Economy development workbook of US$13 billion Flagship C-REIT for ESR Group that further reinforces its leadership as APAC's largest sponsor and manager of public REITs Proposed…

Asia fintech scene gives VC investors confidence about their profits

The fintech sector faced difficult circumstances for venture capital investment throughout this year, but the recently published funding data demonstrates the unexpected strength of the Asia-Pacific region. With a Q3 2023 fundraising total standing at $1.9 billion, Asia stood out as the sole region that defied a significant drop in VC investments compared to 2022. In fact, if anything, we can…

ByteDance’s TikTok strikes deal with GoTo to save Indonesian TikTok Shop – report

China-headquartered ByteDance Ltd’s TikTok has struck an agreement to invest in a unit of Indonesia’s GoTo Group and cooperate on an online shopping service, Bloomberg reported on Tuesday. Tik Tok is said to have agreed broadly to work with GoTo’s Tokopedia across several areas rather than compete directly with the Indonesian platform, people familiar with the pact said. The pair aim to…

Qianhai’s Intensive Digital Industrial Layout to Facilitate the Development of the GBA

SHENZHEN, China, Dec. 6, 2023 /PRNewswire/ -- Digital trade is one of the significant trends in global economic development and a new focus for the economic development of China.The General Office of the People's Government of Guangdong Province recently released the Notice on the Issuance of the Three-Year Action Plan for the Construction of the "Digital Bay Area", which mentions that the…

Qianhai’s Intensive Digital Industrial Layout to Facilitate the Development of the GBA