Persis Solo attracts substantial funding since Kaesang Pangarep acquired its shares. Sponsors tend to be influenced by the prominence of the owner. 

A photograph of a private jet window exposes Kaesang Pangarep and Gibran Rakabuming Raka’s connections to a network of business actors.

The merger between Tokopedia and TikTok Shop shifts the e-commerce business competition. The new entity is competing with Shopee.

The integration of TikTok Shop with Tokopedia will reinforce GoTo’s business. Indonesia’s e-commerce competition landscape is changing.

TikTok Shop’s market soars in a very short time. Their strategy will be imitated by other social media.

A slowdown in cash flow triggers bankruptcies of digital startups. A storm of layoffs from technology companies risks increasing the number of educated unemployed.

Waves of layoffs continue to hit the digital industry. Tech companies in various countries fire thousands of employees. The demand to be more efficient combined with low funding will trigger a mass layoff in digital startups.

The pay-later industry is flourishing and the quick credit scheme gains popularity among the millennials. The Financial Services Authority (OJK) reminds the public to be wise in using pay-later.

Technology companies are racing to organize internet utilization training programs in rural areas, as part of the effort to distribute the benefits of the digital economy.

The love for South Korean culture which has been growing for over a decade leads to the formation of a community of dedicated fans in Indonesia. They are looking to purchase items that can make them feel closer to their idols. It has created opportunities for businesses both large and small.

In order to attract buyers, online shopping applications are offering free shipping for items shipped from abroad.