Indonesia

Analysis: Microsoft’s $2.2 Billion AI Bet May Boost Malaysia’s Tech Industry
Analysis: Microsoft’s $2.2 Billion AI Bet May Boost Malaysia’s Tech Industry
May 02, 2024  |  artificial intelligence

Microsoft will inject $2.2 billion into Malaysia’s burgeoning cloud and artificial intelligence (AI) infrastructure over the next four years, CEO Satya Nadella announced on Thursday...

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Analysis: Microsoft’s $1.7 Billion Bet on Indonesia’s Digital Future Shows Global AI Investment Surge
Analysis: Microsoft’s $1.7 Billion Bet on Indonesia’s Digital Future Shows Global AI Investment Surge
April 30, 2024  |  artificial intelligence

In a move that underscores the growing global interest in artificial intelligence (AI), Microsoft has announced an investment of $1.7 billion over the next four years...

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TikTok and GoTo Combine eCommerce Businesses in Indonesia
TikTok and GoTo Combine eCommerce Businesses in Indonesia
January 31, 2024  |  eCommerce

TikTok and GoTo, the largest digital ecosystem in Indonesia, announced the formation of a strategic partnership in Indonesia. With this deal, GoTo’s eCommerce company Tokopedia and TikTok Shop Indonesia have combined...

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TikTok Invests $1.5 Billion in Indonesia’s eCommerce Platform Tokopedia
TikTok Invests $1.5 Billion in Indonesia’s eCommerce Platform Tokopedia
December 11, 2023  |  Acquisitions

TikTok is reportedly investing $1.5 billion in Tokopedia to salvage its Indonesian eCommerce efforts. The company is set to take a controlling 75.01% stake in Tokopedia, the eCommerce arm of Indonesia’s GoTo...

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TikTok Looks to GoTo to Jumpstart Indonesian eCommerce Business
TikTok Looks to GoTo to Jumpstart Indonesian eCommerce Business
November 22, 2023  |  eCommerce

TikTok is reportedly turning to GoTo to revive its crucial Indonesian eCommerce business. The two firms are working on a plan — which could be finalized in the next few...

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New Indonesian eCommerce Rules Hinder TikTok’s Expansion Goals
New Indonesian eCommerce Rules Hinder TikTok’s Expansion Goals
September 28, 2023  |  Social Commerce

TikTok’s plan to invest heavily in Indonesian eCommerce is apparently hitting a roadblock. As Bloomberg News reported Thursday (Sept. 28), the company is now subject to new rules...

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TikTok Eyes Indonesian Payments License to Boost eCommerce Business
TikTok Eyes Indonesian Payments License to Boost eCommerce Business
August 04, 2023  |  eCommerce

TikTok is reportedly in early-stage talks with Indonesian regulatory authorities to obtain a payments license. The ByteDance-owned social media platform’s application has been favorably received by Indonesia’s...

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Indonesia and India Explore Cross-Border Payments Pact
Indonesia and India Explore Cross-Border Payments Pact
July 17, 2023  |  Faster Payments

India and Indonesia are reportedly planning to link their fast payment systems. The collaboration, as reported Monday (July 17) by Bloomberg News, is designed to spur cross-border...

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TikTok Takes on Spotify With Music Subscription in Brazil and Indonesia
TikTok Takes on Spotify With Music Subscription in Brazil and Indonesia
July 13, 2023  |  Subscriptions

TikTok is reportedly making a play for consumers’ music streaming spending with a new subscription platform. The video platform has launched a “TikTok Music” streaming service...

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