Posts in Category: ecommerce

Tokopedia and JNE Strategic Partenership: Launches JNE-Tokopedia Payment

William Tanuwijaya (left), Co-Founder and CEO of Tokopedia and M. Feriadi (right), President Director of JNE / SWA

Tokopedia as the largest e-commerce company in Indonesia continues to develop its business and ambition to achieve its mission in encouraging the economy equity through digital development. Tokopedia, which has previously worked with Nugraha Ekakurir Line (JNE) as a freight forwarder, now both companies continue to commit itself to development and innovation. On Monday (16/11) JNE established a strategic cooperation with Tokopedia e-commerce.

Initially, JNE is a partner of Tokopedia in delivering merchant delivery solutions to buyers. Furthermore, this cooperation developed in the form of payment services, and the recently agreed, namely JNE-Tokopedia Payment.

This collaboration

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iLOTTE: A New “Big Money” Ecommerce by Salim Group and LOTTE Group

The mainpage of iLOTTE online shopping mall.

Online shopping in Indonesia will be enlivened newcomers. Two giant companies set up new ecommerce in Indonesia.

LOTTE Group, a company from South Korea, and Salim Group, a company from Indonesia, who entered into a joint venture. Two big companies enliven the competition of e-commerce market in Indonesia. On Tuesday (10/10/2017) in Mega Kuningan area, Jakarta, two major companies from Indonesia and South Korea, announced to form a new ecommerce company called iLOTTE.

iLOTTE Chief Executive Officer, Phillip Lee, said the digital shopping mall service offers an experience like shopping at an online mall.

“iLOTTE is an ecommerce company that will revolutionize Indonesia’s shopping,

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88Spares to Beta Version to Launch in Q1 2018

88Spares CEO Hartmut Molzhan in ITMF Conference / Doc: Tribun

 

After the soft launching in April 2017, B2B e-commerce of the textile and garment industry 88Spares is currently in Beta version and ready to be unveiled in the first quarter of 2018. 88Spares is unique because it only targets a niche market.

However, the textile and garment markets problems in Indonesia are captured and 88Spares offers solutions for the advancement of this industry with technology.

“Textile companies in Indonesia are very old school. They do not talk about online shops. Digital technology can help them to increase their value chain, enabling everyone to save and make more money,” said Chief Executive Officer and co-founder

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Kioson Announce Public Offering in IDX: Became The First Indonesian Startup Set to IPO

Indonesia Stock Exchange (IDX) / Source: MetroTV News

 

PT Kioson Commercial Indonesia, the online-to-offline (O2O) e-commerce became the first Indonesian startup company to conduct an initial public offering (IPO) in Indonesia Stock Exchange. Shares offered to the public are 150 million shares. Co-Founder and Director of Kioson Commercial Indonesia Jasin Halim said 150 million shares issued by Kioson are equivalent to 23.07 percent of the total issued and fully paid capital. The stock is offered at Rp280 to Rp300 per share.

Thus, Kioson targets to obtain funds from the IPO of Rp42 billion to Rp45 billion. Kioson simultaneously also publishes as many as 150 million Series I Warrants accompanying the new shares of

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Alibaba’s Jack Ma Accepted E-commerce Adviser Role from Indonesian Government

 

Jack Ma with Indonesia Delegations in Beijing/ Ministry of Communication and Information Technology

Jack Ma, Founder and Executive Chairman of Alibaba, accepted Indonesian government offer as an adviser for e-commerce in the country. He officially met with Indonesian delegation at the 3rd High Level Economy Dialogue (HLED) in Beijing on August, 22 this year. Minister of Communications and Information Technology Rudiantara and Minister of Coordinating Economic Affairs Darmin Nasution came as Indonesian delegations to meet with Jack Ma.

Rudiantara said in a release that Jack Ma will not come to Indonesia as a businessman from Chinese company. Jack Ma will develop ecosystem for small and medium enterprises (SMEs), people in sub-urban and villages, to

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Amazon Entered Southeast Asia by Launching Prime Now Service in Singapore

Amazon Prime’s Trailer/ Amazon

Amazon, global e-commerce giant, announced the launch of Prime Now in Singapore at the end of July this year. The company offers free two-hour delivery on tens of thousands of items from customers’ phones. Prime Now is an exclusive service for members of Amazon Prime. According to Amazon’s release, Prime Now in Singapore will be available to try without a Prime membership for a while.

“Prime Now is powered by Amazon’s more than 20 years of operational and technological excellence and hundreds of Singapore’s talented and skilled associates,” said Aarif Nakhooda, Director of Prime Now Asia-Pacific. He added that the service will allow people to get more time

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Tokopedia Raised $1.1 Billion New Funding Led By Alibaba

William Tanuwidjaya, Tokopedia CEO and Co-founder, delivered his speech in Tokopedia’s 8th Anniversary

 

Tokopedia, one of the biggest marketplace company in Indonesia, recently announced $1.1 billion new funding round. Alibaba, e-commerce giant from China, leads the funding as the company wants to accelerate expansion in Southeast Asia market. Tokopedia also announced that Alibaba has become minority shareholder and that existing shareholders also participated in the round.

According to Tokopedia’s release, the partnership will enhance the scale and quality of Tokopedia’s offerings to its customers. In addition, this partnership will also make it easier for merchants and partners to do business across the archipelago and beyond.

“We have always thought of Alibaba

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Official: Olaf van Schagen Is New CEO of OLX Indonesia

Olaf van Schagen

After quite a while there was a vacancy of CEO position, OLX Indonesia officially announced Olaf van Schagen as Chief Executive Officer (CEO). He replaced Daniel Tumiwa who left his position as CEO in May 2017. This appointment is based on van Schagen’s 18 years experience in the digital industry. His experience is expected to lead OLX Indonesia and compete in Indonesia’s increasingly stringent e-commerce industry.

“Indonesia is a country with an exciting and prominent e-commerce landscape in Asia, so it’s an honor for me to win the trust to lead the country’s largest classified ad platform,” van Schagen said in an official statement on Friday (25/8).

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The Big Start Indonesia in Yogyakarta: Looking for Creativepreneurs

Success Story of Entrepreneurs in The Big Start Yogyakarta Roadshow

Blibli.com has recently announced their plans for The Big Start Indonesia. The Big Start Indonesia, the first creativepreneur webseries reality show in Indonesia, will begin the second season this year. Yogyakarta has been choosen as the first city for the roadshow, from 4-6 August 2017 in Jogja City Mall. The company will continue their roadshow to other big cities such as Bali (11-13 August), Bandung (18-20 August), and Jakarta (25-27 August).

Christine Lie Hartanti, Public Relations Manager of Blibli.com, said that creativepreneurs has helped Yogyakarta’s economy to grow. “The creativepreneurs have supported Yogyakarta’s economy growth, thus making Yogyakarta as one

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Indonesian Startup Founders in 30 Under 30 Forbes Asia Lists (Part I)

Forbes Asia 30 Under 30 lists/ Forbes

Forbes Asia has released another 30 Under 30 lists for Class of 2017. This is the second time for Forbes Asia to release the lists. There are 10 categories and 300 people in total, mostly entrepreneurs, that made it to the lists. More than 65% of the 300 honorees founded their own company. Furthermore, the magazine also highlighted the diversity and empowerment in this year’s honorees’ list.

Infamous Knitted Noodle by Cynthia / BBC

Out of 300 honorees, there are around 29 honorees from Southeast

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