TikTok acquires stake in Tokopedia, reshapes Indonesian e-commerce
Feb. 1 (Bloomberg) -- Indonesian tech leader GoTo has announced globally that TikTok has successfully completed the acquisition publicized last December, according to recently disclosed deal developments, with details of TikTok's $840 million contribution to...
Qingdao-made" trains won another order from Indonesia! China's first export of electric commuter trains to Indonesia
From Qingdao Daily News Agency / Guanhai News on February 1, China's high-end equipment manufacturing industry has once again gained the recognition of the international market, successfully expanding overseas markets.January 31 marked another important achievement for China CNR in the Indonesian market...
Chinese firms help Indonesia's auto market transition to new energy sources
Recently, Chinese car company BYD held a new car launch in Indonesia's capital Jakarta, launching three models, marking its official entry into Indonesia's new energy passenger car market. Luhut, Indonesia's Minister of Marine and Investment Integration, said, "The...
Indonesia Promotes Local Currency Settlement to Strengthen Regional Economic Stability
Perry Wajiyo, the governor of Indonesia's central bank, recently announced a new financial strategy that will see the start of local currency settlements for cross-border transactions with India and Saudi Arabia. Wajiyo was speaking at a Jakarta ...
Indonesian firms fret as demand for electric cars slows and nickel prices plunge
According to Yonhap News Agency on Jan. 23, citing Jakarta Globe and Bloomberg and other media reports, nickel prices on the London Metal Exchange stood at $16,007 per metric ton the day before, halving from a year ago and the lowest level since 2021, the world's nickel-producing...
Vinda International stake changes hands: Essity pulls out, Golden Eagle Group takes over
Vinda International's earnings are not doing well, and its major shareholder is no longer willing to continue to wait patiently. At the end of 2023, Vinda International announced that its major shareholder, Sweden's Essity, had begun discussing with several potential buyers out of...
China's investment in Indonesia reaches $7.4 billion, making it the second largest investor in the country
According to Nuru Ikhwan, an official in charge of investment planning at the Indonesian Investment Coordinating Board, Chinese investment in Indonesia in 2023 amounted to $7.4 billion. China continues to be the second largest source of foreign investment in Indonesia. Nuru said that Chinese investment...
Indonesia-China Youth Forum explores potential for cooperation between the two countries
On January 25, the Indo-China Youth Forum was held in Jakarta, Indonesia, with the theme of "The Potential of Cooperation between Indonesia and China from the Yavan High Speed Railway". The forum was organized by the Indonesia-China High Speed Railway Company, Indonesia's International Daily Newspaper and the University of Alazar...
Kuncai Technology receives AEO certification, boosting the development of China-Indonesia parks
Fujian Kuncai Material Science & Technology Co., Ltd ("Kuncai") has recently obtained the "AEO Senior Certified Enterprise Certificate" issued by Fuzhou Customs, which is the first time for the enterprise to obtain this certification in China-Indonesia "Two Countries Two Parks". "This is the first time for enterprises to obtain this certification, and it is the first time for enterprises to obtain this certification...
Shandong Heavy Industry-Weichai Power Holds New Product Showcase in Jakarta
In Jakarta, Indonesia, Shandong Heavy Industry-Weichai Power successfully held the 3rd Global Partner Conference and Southeast Asia New Products Exhibition from January 22nd to 23rd. This conference is Shandong Heavy Industry's response to the "Belt and Road" initiative and deep...
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