indonesia | Pixr8 News

25Apr By PriyankaNo Comments

ACQUISITION

Gojek Acquires Moka for $130 Million

As per the Bloomberg report, Ride-hailing startup Gojek has acquired a payment startup Moka for $130 million. The deal was under negotiations since last year and completed about a month ago. The report also said, Indonesia based Ride-hailing and food delivery startup recently raises $1.2 billion funding to cement its position in digital payments space to acquire the users who are shifting away from cash and using digital services in this virus lockdown. The Moka payment app has more than 35,000 merchants and present in more than 100 cities across Indonesia. Moka accepts debit, credit cards and mobile wallets. It also has an analytics platform to track sales and inventory, run loyalty programs, and manage employees. A Gojek representative declined to comment, while a Moka of...

Jack Ma to Launch an Institute of Entrepreneurs in Indonesia

15Oct By Gauri SinghNo Comments

CHINA

Jack Ma to Launch an Institute of Entrepreneurs in Indonesia

The founder and executive chairman of China’s largest e-commerce company Jack Ma is reportedly planning to open an institute to train thousands of tech entrepreneurs in Indonesia. However, he did not mention when Jack Ma Institute of Entrepreneurs would launch. The aim behind this move is to train 1,000 tech leaders a year over the next 10 years. "We're giving a lot of opportunities for young Indonesian people to learn," Jack Ma said. The co-founder of Alibaba said it is important for Indonesia to invest in human capital because "only when people improve, when people's minds change, when people's skills improve, then we can enter the digital period". Talking about Indonesia, the country has a lack of trained engineers in technology and the institute will also train hundreds of develop...

OYO is Expanding Operations in China and Indonesia

23May By Sheldan RungasamyNo Comments

BUSINESS

OYO is Expanding Operations in China and Indonesia

OYO, the leading hotel aggregator, has taken a huge step towards expansion, after opening hotels in China and Indonesia making it one of the few Indian consumer technology companies expanding businesses in the world’s second largest economy. The developments come only eight months after the Gurugram-headquartered company raised $10 million funds from China Lodging Group, one of the largest multi-brand hotel groups in the world. Seemingly, the deal provided much more than capital value as it provided a strategic partnership to OYO for its international expansion plans. Commenting on the investment, Founder and CEO of OYO, Ritesh Agarwal said, Addressing consumers in India and Chine – two of the world’s fastest-growing markets – through our combined strengths opens up a very large and...

9May By Lavina TolaniNo Comments

INDIA

India to Emerge Fastest Growing Economy in 2018:IMF Report

The International Monetary Fund (IMF) has projected that India will be the fastest-growing major economy in 2018, with a growth rate of 7.4 percent that rises to 7.8 percent in 2019 with medium-term prospects remaining positive. The Report on Asia and Pacific Regional Economic Outlook said that the country is recovering from demonetisation and introduction of GST Tax, and "the recovery is expected to be underpinned by a rebound from transitory shocks as well as robust private consumption." Meanwhile, in the broader perspective, IMF has estimated that Asian economies will remain strong within growth outlook but will be vulnerable to a sudden tightening in global financial conditions and a shift towards protectionist policies. In its regional economic outlook update, IMF has project...

US to Review The GSP eligibility Of India

14Apr By Lavina TolaniNo Comments

USA

US to Review The GSP eligibility Of India

The United States Trade Representative (USTR) has officially announced that it is reviewing the eligibility of India, Kazakhstan, and Indonesia in the Generalised System of Preferences (GSP) based on "concerns about the countries" compliance programme. GSP is by far the largest and most ancient US trade programme designed to favor economic development and allow duty-free entry of thousands of products across the boundaries from beneficiary countries. For India, GSP country eligibility review is based on its compliance with GSP market criterion while for Indonesia the eligibility review is based upon its compliance with GSP market criterion, GSP services as well as an investment criterion.Kazakhstan, on the other hand, has its eligibility concerns based on GSP worker rights criterion....

Google, Twitter-Block Porn or Get Blocked

17Nov By RishabhNo Comments

News

Google, Twitter-Block Porn or Get Blocked

[dropcap]I[/dropcap]ndonesia has warned Google and Twitter, world's largest social-media providers to block pornographic content in its country of face the blockage. Twitter Inc., Alphabet Inc.’s Google and a host of companies have been put on notice by Indonesian Communications Minister Rudiantara, who threatened “all platforms” that if they don’t adhere to government requests to block content, they will be blocked permanently! “The worst case is I will not allow them to be in Indonesia," Rudiantara, who uses one name, said in an interview on Thursday. "We are focusing on content. If you violate content then you are violating rules and laws in Indonesia.” Indonesia's 260 million population, with world's largest Muslim population has grown concerns about the spread of pornography,...

Indonesia Drops Threat to Block WhatsApp Messenger: Official

7Nov By reutersNo Comments

News

Indonesia Drops Threat to Block WhatsApp Messenger: Official

Indonesia has dropped a threat to block Facebook Inc’s WhatsApp Messenger because the service had responded to concerns over obscene content, an official at the communications ministry said on Tuesday. The ministry vowed on Monday to block WhatsApp Messenger within 48 hours if the service did not ensure that obscene Graphics Interchange Format (GIF) images were removed. “We see now that they have done what we asked. Therefore, we won’t block them because they have responded to us,” said Semuel Pangerapan, a director general at Indonesia’s communication and informatics ministry. Indonesia said on Tuesday it will summon executives of messaging services and search engines, including Google, to demand they remove obscene content, but dropped a threat to block WhatsApp Messenger after “GIF” ...

Indonesia Threatens To Block Whatsapp Messaging Over Obscene Content

6Nov By reutersNo Comments

News

Indonesia Threatens To Block Whatsapp Messaging Over Obscene Content

Indonesia on Monday vowed to block Facebook Inc’s WhatsApp Messenger within 48 hours if the service did not ensure that obscene Graphics Interchange Format (GIF) images were removed. WhatsApp, which is widely used in Indonesia, the world’s most populous Muslim-majority country, said message encryption prevented it from monitoring the third-party providers Indonesians use to search for GIFs. It asked the government to work with the providers instead. Semuel Pangerapan, a director general at Indonesia’s communications and informatics ministry, said WhatsApp would be blocked within 48 hours unless the images supplied by third parties were taken off the service. Pangerapan said of the proposed block. The ministry had sent three letters to WhatsApp over the issue, he said. “They...

Indonesia Based GO-JEK Acquires Bangalore Based Startup Pianta

27Sep By AnkitaNo Comments

ACQUISITION

Indonesia Based GO-JEK Acquires Bangalore Based Startup Pianta

Indonesia's based food and grocery delivery startup GO-JEK has acquired Bangalore based Pianta, a marketplace for home healthcare services, for an undisclosed sum. Post the acquisition, Pianta's eight member team will merge with GO-JEK's engineering centre in Bangalore. Founded in 2010, GO-JEK has over two lakh motorbike taxis, known as "ojeks" in its fleet. Since then, the company has diversified into food, grocery and even courier delivery services. GO-JEK raised $550 million in 2016 from the likes of KKR, Warburg Pincus, Farallon Capital and Capital Group Private Markets. In India, GO-JEK doesn't have any services but has an engineering centre in Bangalore where it employs 60 people."Pianta's core team comes from Ola and Flipkart and their expertise in the logistics and payments s...

Three numbers that tell you where Asia’s mobile Internet is going

22Nov By No Comments

Story

Three numbers that tell you where Asia’s mobile Internet is going

Is Asia developing towards mobile, or away from it? Three numbers from the Google-TNS Asia Pacific Mobile App Usage Study suggest an answer: as it expands, it will move towards mobile, not away from it. The study asked people from across Asia about how they used their apps, revealing how central mobile has become to Asia’s daily life. And in markets where smartphones are only just becoming mainstream, we can expect that trend to strengthen. We can sum this up in three numbers and two colors in the above chart. As is common in these kinds of surveys, Korea emerges as the smartphone paradise: they have the second highest smartphone penetration in Asia, the third-highest proportion of people who consider the smartphone their main device, and they install the most apps on their phone....

Practo, Healthcare startup forays into Indonesian market

1Sep By No Comments

News

Practo, Healthcare startup forays into Indonesian market

Healthcare startup Practo today said it has forayed into the Indonesian market with its product, 'Practo Search'. Practo has a presence in India, Philippines and Singapore and has a team of 1,500 employees. Indonesians will be able to search for over 4,200 verified doctors in over 60 percent of all clinics across Jakarta DKI, using Practo website or an app that has been specially built for the region, Practo said in a statement. The product, available in Indonesian and English language, will allow consumers to book appointments for doctors online, it added. "We will continue our global expansion to be present in over 10 countries by March and enable over two billion consumers to make better healthcare decisions," Practo founder and CEO Shashank ND said. Consumers can search u...