Indonesia: Traveloka raises $500m from Expedia, East Ventures, JD, others


The deal values Indonesia’s largest online travel startup at around $2 billion.

Indonesia: Telkom to boost collaboration with startups in digital space

It set up a venture capital arm, MDI Ventures, back in 2015

GDP Venture backs Indonesian media startup Kumparan

In Indonesia, Kumparan competes with IDN Media, Baca, Brilio, and UC News.

Alibaba in talks to pick up stake in Indonesia’s ecommerce major PT Tokopedia

Alibaba is learnt to be in discussions to lead a funding round worth up to $500m.

Exclusive: Indonesia’s Saratoga keen to be part of tech sector evolution in SE Asia

Saratoga CFO Jerry Ngo talks about the PE landscape in SE Asia.

Tokopedia confirms it is fund raising, does not reveal if talks are on with China’s

Indonesia’s PTTokopedia appears to have given away that it is set to bag a new round or investment.  Recent reports have indicated that the country’s largest marketplace site is in talks with Chinese e-commerce major – Alibaba’s largest rival – and the latter is set to pump in a “significant” amount, to… Read more »

Indonesia: CT Corp to seek investors for subsidiaries before considering IPO, says chairman

Bank Mega is currently the only one of CT Corp’s dozens of units that have been listed on the Jakarta bourse.

Indonesia: M&A value doubles to $4b in first half riding on big-ticket deals

Tencent’s $1.2-billion investment in Go-Jek is the largest, Duff & Phelps notes.

Indonesia: P2P app Julo raises seed funding from Skystar Capital, others

East Ventures, Convergence Ventures also joined the round.

Indonesia: Prudential Financial buys 49% in CT Corp’s life insurance business

Prudential picks 49% in CT Group unit to enter the SE Asia country.