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Indonesia’s Bukalapak Consideres to Go IPO in Nasdaq and IDX

JAKARTA (TheInsiderStories) - Two giant startups, Tokopedia and Traveloka moves to list the company shares on the global stock exchanges also followed by e-commerce provider, Bukalapak,...

Indonesia’s Warung Pintar Acquires Bizzy Digital for US$45M

JAKARTA (TheInsiderStories) - Warung Pintar, a micro retail technology startup firm, today announced the acquisition of Bizzy Digital, an integrated logistics and distribution supply chain B2B...

Canada Pension Fund, LOGOS Establishes Indonesia Venture

JAKARTA (TheInsiderStories) - Canada Pension Plan Investment Board and Australia-based logistics real estate specialist, LOGOS, established a new Indonesia venture to develop modern logistics facilities in Greater...

Indonesia’s Tokopedia Prepares IPO Helped by Morgan Stanley, Citigroup

JAKARTA (TheInsiderStories) - Tokopedia, an Indonesia’ e-commerce giant, has hired Morgan Stanley and Citigroup Inc., as and advisers for the initial public offering plans, said the...

Japan’s SoftBank Plans to Exit from Tokopedia

JAKARTA (TheInsiderStories) - Japanese private equity firm, Softbank Vision Fund, plans to exit from one of Indonesian portfolios, Tokopedia, by offered its ownerships to another...

 idEA: National Shopping Day Transactions More Than US$650M

JAKARTA (TheInsiderStories) - The Indonesian e-Commerce Association (idEA) is optimistic that the number of transactions and volume of National Online Shopping Day will pass...

Microsoft will Invests in Indonesian Unicorn Bukalapak

JAKARTA (TheInsiderStories) - United States' Microsoft Corp., announced will make a strategic investment in Bukalapak, one of Indonesia’ e-commerce platforms, said the company today (11/03). The technology...

Alibaba Group Willing to Acquires Uber’s Shares in Grab

JAKARTA (TheInsiderStories) -  Alibaba Group Holding Ltd., is reported willing to bought  Southeast Asian ride-hailing provider, Grab Holdings Inc., from Uber Technologies Inc., a global media...

Telkom Indonesia Shuts Down Blanja.com, Creates PaDi

JAKARTA (TheInsiderStories) - Telco provider, PT Telekomunikasi Indonesia Tbk (IDX: TLKM) stopped the operation of the e-commerce platform, Blanja.com as part the company' transformation program, said...

Indonesia’s SIRCLO Raises Funding US$6M from Investors

JAKARTA (TheInsiderStories) - Indonesian e-commerce enabler, SIRCLO has closed the Series-B funding of US$6 million, the company said on Monday (08/31). Investors are participating in this...

Sorabel Akan Tutup Layanan Terdampak oleh Pandemi

JAKARTA (TheInsiderStories) - Platform e-commerce fesyen, Sorabel akan ditutup pada akhir Juli setelah bisnis perseroan terkena dampak dari COVID-19. Sebelum mengumumkan penutupan, salahsatu pendiri dan...

Indonesia’s Sorabel Shutting Down After Affected by COVID-19

JAKARTA (TheInsiderStories) - Indonesia fashion e-commerce platform, Sorabel has confirmed to be shutting down by the end of July after the businesses affected by the COVID-19. Before announcing...

Indian Economy Set for Post-COVID Rebound

JAKARTA (TheInsiderStories) - The impact of the COVID-19 pandemic in India has resulted in severe disruptions to industrial production and consumption spending during April and May....

Indonesia’s E-commerce Enablers SIRCLO and ICUBE Merged

JAKARTA (TheInsiderStories) – Two Indonesian e-commerce players SIRCLO  and  ICUBE has merged, said both companies last week. It said, the merger brings thousands of clients...

Most of Garuda’s Bondholders Agrees to Extend the Global Sukuk Tenure

JAKARTA (TheInsiderStories) - Most of PT Garuda Indonesia (IDX: GIAA) has agreed to extend the maturity of US$500 million Global SUKUK to 2023, said the CEO...

Foreign E-commerce Players Must Have Office in Indonesia

JAKARTA (TheInsiderStories) - Foreign e-commerce players is now required to have a representative office in Indonesia, said the trade ministry in a new decree...

Indonesia Road Freight Transport Market to Grow Over 9% During 2020...

JAKARTA (TheInsiderStories) - The Indonesia road freight transport market is expected to grow above 9 percent during 2020 - 2025, said Reportlinker in the latest report....

Indonesian Govt will Maintain Digital Economy Sustainability

JAKARTA (TheInsiderStories) - The government will maintain the sustainability of the digital economy in Indonesia followed Tokopedia' hacking. Based on some reports, 91 million...

Bank Rakyat Indonesia Wants to Invests in Traveloka

JAKARTA (TheInsiderStories) - State-owned lender, PT Bank Rakyat Indonesia Tbk (IDX: BBRI) aims to invest in one of unicorns, Traveloka, said the CEO on...

Indonesia Leads Southeast Asia Internet Economy in 2025

JAKARTA (TheInsiderStories) - Indonesia will lead the Southeast Asia internet economy in 2025 with a value of US$133 billion, according to a report released...

Telkom Indonesia Eyes Bhinneka.com, Other E-commerce Firms

Jakarta (TheInsiderStories) - State-owned telecommunication provider, PT Telkom Indonesia Tbk (IDX: TLKM) has planned to acquire e-commerce companies, including Bhinneka.com, said on official today...

AllSome Raises US$1.94M Seed Funding led by East Ventures

JAKARTA (TheInsiderStories) — AllSome Fulfillment, cross border e-commerce fulfillment for modern online sellers, has secured US$1.94 million of seed funding led by East Ventures,...

Indonesian Jualo Raises Funds US$30M from Singapore’ Carro

JAKARTA (TheInsiderStories) - Indonesian e-commerce site Jualo.com raised fresh funding US$30 million from Singapore-based automotive marketplace Carro as part of its Series B round. The latest funds...

Weekly Briefing: UK Must Leave EU on Deadline, Even with No...

JAKARTA (TheInsiderStories) — Good morning! Amid the Brexit extension, United Kingdom (UK) is stated must leave European Union (EU) at the end of October,...

Indonesia Officially Revokes Tax Treaty for E-commerce

JAKARTA (TheInsiderStories) - Indonesian government withdraw tax treaty rules for e-commerce through PMK Number 31/PMK.010/2019, said finance ministry on Tuesday (04/16). The new regulation is the...

Morning Briefing: British Parliament Rejects Brexit Proposal

JAKARTA (TheInsiderStories) – Good morning! Birtish’ House of Commons rejected the Brexit deal proposed by Prime Minister Theresa May, in a vote on Tuesday...

Weekly Briefing: US, South Korea End Military Drill in Korean Peninsula

JAKARTA (TheInsiderStories) -- Even though United States (US) President Donald Trump and North Korea leader Kim Jong Un failed to reach an outcome, Pentagon...

Insight: Indonesia’s Digital Business Needs Guaranteed

JAKARTA (TheInsiderStories) - Indonesia is one of the countries where the development of startups is rapidly increasing. Why are they flourish in Indonesia, the reason...

Indonesian Consumer Supports the Development of E-commerce

JAKARTA (TheInsiderStories) - Indonesian E-Commerce Association (idEA) reported on changes in the behavior of Indonesian consumers when conducting online transactions, as well as reading...

Indonesia’s BeliMobilGue Raised Series-A Funding of US$10M

JAKARTA (TheInsiderStories) – The Indonesian online car sales service site, BeliMobilGue.co.id, raised funding of US$10 million led by Frontier Car Group as the holding...
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