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Salim Group-Lotte Commits US$100 Million to iLotte

JAKARTA (TheInsiderStories) - Indonesia's Salim Group conglomerate has established a joint venture with Lotte Group, South Korea’s fifth-largest conglomerate, looking to expand its retail business...

When Payment Innovation Grows Faster than Regulations

JAKARTA (TheInsiderStories) - Indonesia, home of more than 250 million humans, matures with strong consumer power. Dominated by a millennial generation, Indonesia is now entering the...

Indonesian Banks Urges to Go Digital

JAKARTA (TheInsiderStories) - Indonesian Banks Association is gearing up to face the challenge in digitalization and modernization of banking service as the increasing of...

Chinese JD.Com Invest US$100 Million in Go-Jek, Follows Tencent

JAKARTA (TheInsiderStories) - Chinese e-commerce provider JD.com Inc. (JD.O) , unit of investment company Tencent Holdings Ltd. has invested US$100 million in Indonesian ride-sharing app Go-Jek....

Alibaba Invests $1.1b to lead Tokopedia Become Unicorn After Go-Jek

JAKARTA (TheInsiderStories) - China's e-commerce player, Alibaba Group Holding Ltd. continues to expand its business in Southeast Asia region with poured $1.1 billion investment...

Traveloka Raises New Funding US$500 Million from Expedia, Others

JAKARTA (TheInsiderStories) - Indonesian travel apps, Traveloka announced that the company has raised approximately US$500 million through investments from global online travel leader Expedia, Inc....

Chinese JD.com in talks to acquire major stake in Tokopedia

JAKARTA (TheInsiderStories) - One of Chinese largest online retailer JD.com Inc.(NASDAQ: JD) is in talks to acquire a major stake in one of Indonesian marketplace operator...