Tag: Technology

  • Nvidia to build a $200 million AI center in Indonesia amid Southeast Asia push

    Nvidia to build a $200 million AI center in Indonesia amid Southeast Asia push

    The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California, on Feb. 11, 2015. Robert Galbraith | Reuters Nvidia is planning to build a $200 million artificial intelligence center in Indonesia in partnership with local telco giant Indosat Ooredoo Hutchison, as the U.S. tech darling continues its push into Southeast…

  • Can Indonesia’s next president Prabowo deliver on his big promises?

    Can Indonesia’s next president Prabowo deliver on his big promises?

    Prabowo Subianto, Indonesia’s presidential candidate and defense minister, center, waves to supporters in Jakarta, Indonesia, on Wednesday, Feb. 14, 2024. Prabowo declared victory in Wednesday’s presidential vote, citing independent pollsters, putting him on course to lead Southeast Asia’s largest economy after two failed attempts.  Bloomberg | Bloomberg | Getty Images JAKARTA — Indonesia’s Defense Minister…

  • Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs

    Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs

    Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images SINGAPORE — Alibaba-owned Lazada began its latest round of layoffs on Wednesday, a person with direct knowledge of the matter told CNBC, following a slew of media reports about cuts…

  • TikTok’s Southeast Asia ambitions to take major hit with Indonesia ban

    TikTok’s Southeast Asia ambitions to take major hit with Indonesia ban

    TOPSHOT – A staff of a small shoe manufacturer shows their new products to make an introductory video to be posted on social media in Bogor, West Java on September 27, 2023. Indonesia has banned goods transactions on social media platforms such as TikTok, Facebook or Instagram in a new regulation, its trade minister said…

  • TikTok to invest $1.5 billion in GoTo’s Indonesia e-commerce business

    TikTok to invest $1.5 billion in GoTo’s Indonesia e-commerce business

    TikTok’s logo is displayed on a mobile phone screen in Ankara, Turkiye on December 5, 2023. Didem Mente | Anadolu | Getty Images TikTok will take a controlling stake in an e-commerce unit of Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia, a partnership that will see the short video app invest $1.5 billion over the long term, the two…

  • Alibaba’s Lazada woos sellers affected by Indonesia’s e-commerce ban

    Alibaba’s Lazada woos sellers affected by Indonesia’s e-commerce ban

    Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images Lazada, a Southeast Asian e-commerce marketplace owned by Alibaba, is courting sellers affected by Indonesia’s latest e-commerce regulation, its Indonesia CEO James Chang told employees in a town hall meeting…

  • Spending and ethics in focus

    Spending and ethics in focus

    TikTok has officially launched its e-commerce service TikTok Shop in the US.  Costfoto | Nurphoto | Getty Images Consumers are increasingly turning to social media for their shopping this holiday season, and TikTok’s latest venture into e-commerce has emerged at the forefront. For some, it means weighing the convenience of mobile shopping and often low…

  • Tencent-backed J&T Express fell in Hong Kong IPO debut

    Tencent-backed J&T Express fell in Hong Kong IPO debut

    Courier handing over package asking female customer to do electronic signature, delivering, receiving, efficiency 10’000 Hours | Digitalvision | Getty Images Shares of Indonesia’s J&T Express fell 1.33% when it went public on Friday. The logistics service provider traded at 11.84 Hong Kong dollars ($1.51) on Friday morning, after opening at HK$12. The HK$3.92 billion…

  • Indonesia’s China-backed high-speed train sparks concerns of debt trap

    Indonesia’s China-backed high-speed train sparks concerns of debt trap

    Indonesia is starting trial runs for its first high-speed train, which will connect the capital Jakarta to a neighboring city of Bandung, after years of delays and cost overruns plagued the project. Bloomberg | Bloomberg | Getty Images A $7.3 billion high-speed electric rail line between Indonesia’s two biggest cities is set to be launched…

  • ASEAN moves closer to economic unity with new regional payments system

    ASEAN moves closer to economic unity with new regional payments system

    Indonesian President Joko Widodo makes a speech during the Association of Southeast Asian Nations (ASEAN) Foreign Minister’s Meeting in Jakarta, Indonesia on July 14, 2023. Murat Gok | Anadolu Agency | Getty Images A new regional cross-border payment system recently implemented by Southeast Asian nations could deepen financial integration among participants, bringing the ASEAN bloc…