Unleashing the Power of AI: Alibaba Cloud Upgrades AnalyticDB for Seamless Customized Applications
Alibaba Cloud introduces an advanced AnalyticDB vector engine that simplifies access to large language models (LLMs) for enterprises, facilitating the development of customized generative AI applications. The cloud provider also launches ApsaraDB HTAP, a powerful solution combining PolarDB and AnalyticDB, to offer unified data management and analysis capabilities, empowering international customers with efficient and cost-effective...
E-shopaholics: The Driving Force Behind Southeast Asia’s E-commerce Boom
E-shopaholics, constituting 15% of the Southeast Asian e-shopper population, are responsible for a significant 45% of all e-commerce purchases, according to a study conducted by Ninja Van Vietnam and Geopost. Expert online shoppers, they demonstrate an impressive proficiency in navigating the e-commerce ecosystem, making them a vital force in the region’s thriving digital retail industry. 22 July 2023 – A recent study...
Indonesian Agritech Startup EFishery Reaches Unicorn Valuation of $1.4 Billion with Successful US$200 Million Funding Round
Indonesian agritech startup EFishery has become a unicorn with a valuation of US$1.4 billion after securing US$200 million in a Series D funding round led by 42XFund. The funding will support EFishery’s expansion plans in Indonesia and India, with the company aiming for an IPO in the US or Indonesia within the next two years. 10 July 2023 – EFishery, a pioneering agritech startup based in Indonesia, has achieved unicorn...
Youbeli and Halal Development Corporation Join Forces to Boost Cross-Border E-commerce between Malaysia and Indonesia
Youbeli, in collaboration with Halal Development Corporation (HDC), is set to boost cross-border e-commerce between Malaysia and Indonesia through the Sell to Indonesia via Blibli Package. The partnership aims to empower Malaysian businesses, particularly micro, small, and medium enterprises (MSMEs), to tap into the Indonesian market and leverage the Halal Integrated Platform (HIP) to foster a thriving Halal market ecosystem. KUALA...
Indonesia Emerges as Largest Online Spender in Southeast Asia, Accounting for Over Half of Regional Purchases in 2022
Indonesia has emerged as the frontrunner in online spending in Southeast Asia, contributing over 50% of the region’s total gross merchandise value (GMV) in 2022. According to a report by Momentum Works, Indonesia’s online purchases amounted to a staggering $51.9 billion, surpassing other countries in the region by a significant margin. Shopee and Tokopedia were identified as the most popular e-commerce platforms in...
East Ventures Unveils East Ventures – Digital Competitiveness Index 2023
East Ventures, together with Katadata Insight Center and PwC Indonesia, has launched the fourth edition of the East Ventures – Digital Competitiveness Index (EV-DCI) 2023, measuring Indonesia’s digital competitiveness with the theme “Equitable digital nation.” The report provides data on digital competitiveness across 38 provinces and 157 cities/regencies in Indonesia, showing a positive trend in digital...
Kaspersky and BSSN Team Up to Develop Indonesia’s Cybersecurity Capability Amidst Rapid Digitalisation
Global cybersecurity company Kaspersky and Badan Siber dan Sandi Negara (BSSN), the Cyber and Crypto Agency of Indonesia, recently signed a Memorandum of Understanding (MoU) in line with their shared goal of beefing up the cybersecurity capability of the country. Amidst Indonesia’s accelerated digitalization, the agreement aims to further enhance capacity development and institution building on cybersecurity within the government...
