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TikTok has entered into a joint venture with Indonesian tech company GoTo to resume its online shopping operations in the country.
partnership, social commerce, ecommerce, online shopping
GoTo Financial has partnered with Indonesia-based Bank Jago to launch GoPay Tabungan by Jago, a bank account for daily transactions.
partnership, product launch, mobile banking, financial services, financial inclusion, unbanked, bank account, e-money
JD.com has pulled the plug on its Thailand and Indonesian platforms in a setback for the company’s overseas expansion efforts.
ecommerce, data, cross-border ecommerce, supply chain finance, merchants
The fusion between ride-hailing startup Gojek and ecommerce company Tokopedia, trading under the name of PT GoTo has announced its plan to carry out an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) market.
IPO, Unicorn, GoTo Group, ecommerce, delivery
Fintech unicorn startup Viva Republica has decided to expand from the world of finance and into the arena of ride-hailing, according to Forbes.
expansion, startup, fintech, insurance, super app, mobile banking
Kelvin Phua of PPRO makes a rundown of the latest trends, new-comers, innovation and dynamics of the current Indonesian ecommerce market
ecommerce, e-wallet, online payments, marketplace, local payment method
Brankas, one of Southeast Asia’s Open Finance technology companies has partnered with Integra Partners to publish a white paper titled Embracing Open Finance in Southeast Asia.
study, Open Banking, Open Finance, COVID-19
Gojek, Tokopedia, GoTo Group, merger, ecommerce
Una Brands has announced that it has raised a USD 40 million equity and debt round, with investors such as 500 Startups, Kingsway Capital, 468 Capital, Presight Capital, Global Founders Capital, and Maximilian Bitner.
product launch, ecommerce, funding, startup, marketplace
Bukalapak, funding, ecommerce
Gojek and Tokopedia have reportedly discussed a USD 18 billion merger that they aim to seal in the first half of 2021, according to Reuters.
Tokopedia, Gojek, ecommerce, ride-hailing, merger, super app
Google, Temasek, Tokopedia, Indonesia, investment, ecommerce, marketplace
Temasek, Tokopedia, Google, BigTechs including Facebook, Microsoft, Amazon, Indonesia, ecommerce, data theft, COVID-19
Coda Payments and Riot Games have announced that players in eight markets across Southeast Asia can purchase in-game currency for Riot’s free-to-play strategy card game, Legends of Runeterra, on Codashop.
Coda Payments, Riot Games, gaming, in-game purchase, alternative payment methods
Zennon Kapron, Kapronasia, ecommerce, Southeast Asia, digital wallet, online shopping, cashless payments, withdrawal, e-wallets, credit cards, merchants
Tristan Chiappini, PPRO, has drawn an extensive map of the wallet landscape in Europe and Asia, aiming to help merchants and PSPs navigate this ever-changing space
Tristan Chiappini, PPRO, ecommerce, e wallets, mobile wallets, ecommerce, mobile payments, Asia, Europe, Grab, Paytm, Alipay, PayPal, payment methods
Indonesian ecommerce unicorn Tokopedia has deepened its collaboration with Modalku, a P2P lending platform.
Tokopedia, P2P lending, Modalku, SMEs, financing , mercgants, funding
Indonesia-based ecommerce company Tokopedia has secured USD 1.1 billion in its latest funding round led by Alibaba Group and SoftBank Group.
Tokopedia, Alibaba, Softbank, Indonesia, ecommerce, funding, Southeast Asia, Vision Fund, Softbank Ventures Korea, Sequoia Capital
Economic ministers from the Association of Southeast Asian Nations (ASEAN) have signed an agreement to facilitate cross-border ecommerce transactions within the region.
ASEAN, Association of Southeast Asian Nations, agreement, cross-border ecommerce, ecommerce
Indonesia-based online marketplace Tokopedia has announced a partnership with mobile wallet developer Ovo.
Tokopedia, Ovo, mobile wallet, Indonesia, startup, partnership, mobile payments