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The energy crisis make Indonesia the biggest beneficiary

09 May 2022

Indonesia-Daily reported that China's recent energy crisis is expected to bring profits to Indonesia, especially its export performance. According to David, chief economist of BCA Bank in Indonesia, Indo...

"Desty'' has received US$3.2 million of financing

18 Apr 2022

It is reported that the Indonesian-based social commerce start-up "Desty" received a US$3.2 million Pre-A round of financing. This round was led by Wuyuan Capital, followed by Fosun Ruizheng Capital, Yingdong C...

The No.1 Dairy Company in Asia, Yili Group Inaugurates the Largest Ice Cream Factory in Indonesia

21 Mar 2022

Milk has become a complementary food to meet the nutritional and nutritional needs of the community. Various dairy products are now widely available in the market. One of the largest producers in Asia and n...

Footwear Giant Baocheng Bets Heavily on Indonesia in 2022

07 Feb 2022

Abstract: Baocheng Group will focus on the expansion of production in 2022 in Southeast Asia, while Indonesia is the largest expansion area. A few days ago, it was reported that the footwear giant Baocheng I...

HappyFresh has received US$65 million in Series D financing

06 Jan 2022

According to media reports, Indonesian grocery app HappyFresh has received $65 million in Series D financing. This round of financing was led by Naver Financial Corporation and Gafina B.V., with STIC, Mirae Ass...

Hyundai and LG will build a battery factory in Karawang

10 Dec 2021

[Antara News Agency, Jakarta] Hyundai Motor Group and its partner LG Energy Solution Ltd will establish a joint venture to produce electric car batteries in Kawarang, West Java, to ensure pure electric Supply o...

GoTo is raising 15.6 billion yuan and plans to IPO

11 Nov 2021

"Hong Kong Economic Times" reported on July 27 that people familiar with the matter said that Indonesia’s most valuable technology start-up company, GoTo, is negotiating with investors, hoping to raise up...

China Ready to Invest Rp20.01 T in Indonesian Furniture Sector

28 Oct 2021

Indonesian Ambassador to the People's Republic of China (PRC) and Mongolia Djauhari Oratmangun said that China is ready to invest in Indonesia worth US$1.38 billion or around Rp.20.01 trillion. The plan is...

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