Indonesia Archive

The future of cleantech in Indonesia

Hugh Harsono Crunch Network Contributor Hugh Harsono is a former financial analyst currently serving as a U.S. Army Officer. More posts by this contributor: How to join the network With its projected population of more than 1.4 billion by 2025, and its economy ripe for becoming Southeast Asia’s next big technology hub, Indonesia presents unique challenges in the form of renewable energies. Indonesia currently lacks …

Foodpanda is selling its Indonesia business and rethinking the rest of Southeast Asia

Foodpanda, the food delivery startup backed by Rocket Internet, is selling its operations in Indonesia and evaluating its presence in the rest of Southeast Asia as part of a push towards profitability. Multiple sources close to the company told TechCrunch that its business in Indonesia, the world’s fifth most populous country, is available to potential acquirers for less than $1 million — and an all-cash deal isn’t even a …

Looking beyond the hype at FinTech in Southeast Asia

From the offices of venture capital firms to the financial services districts, it’s hard to escape the siren’s song of FinTech start-ups. Take a structural shift to mobile, an ever decreasing cost of computing power, the availability of lots of (big!) data, mix in one part artificial intelligence, one part distributed ledgers and we have the perfect recipe for how technology will change the face of …

Indonesia will be Asia’s next biggest e-commerce market

Hugh Harsono Crunch Network Contributor Hugh Harsono is a former financial analyst currently serving as a U.S. Army Officer. More posts by this contributor: How to join the network Indonesia presents much opportunity for e-commerce among other emerging Asian economies, with current projections putting this archipelago nation’s e-market at $130 billion by 2020 (coming third behind China and India). With an estimated annual growth rate …

Uber focuses on services as it begins to see profits in Southeast Asia

Uber has abandoned its ‘land grab’ approach to Southeast Asia and instead switched its focus to new products and services as it begins to see profitability in key markets in the region. A source at the U.S. company told TechCrunch that its operations are now profitable in Singapore and the Philippines, two of its largest markets for numbers of rides and revenue, with others close behind. …