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eFishery layoffs driven by lack of domestic demand, analysts say
Tech 1 year ago

PREMIUM
eFishery layoffs driven by lack of domestic demand, analysts say

Homegrown aquaculture unicorn eFishery has laid off an undisclosed portion of its workforce and announced a shift in focus.
TikTok to lay off 450 employees in Tokopedia: Sources
Tech 1 year ago

PREMIUM
TikTok to lay off 450 employees in Tokopedia: Sources

The layoffs, which equal 9 percent of the workforce of major local e-commerce firm Tokopedia, are an effort to eliminate duplicate functions and cut costs.
Japanese startup to use AI to translate manga
Science & Tech 1 year ago

Japanese startup to use AI to translate manga

Mangas such as "One Piece" and "Dragon Ball" are a huge success story for Japan, with the market projected to be worth $42.2 billion by 2030, according to the startup, Orange Inc.
Indonesia sees fintech investments down by half in 2023: report
Tech 2 years ago

PREMIUM
Indonesia sees fintech investments down by half in 2023: report

Indonesian fintech saw only US$765 million in funding last year, down from $1.6 billion in 2022, according to private data market research firm Tracxn.
Construction start-up Gravel secures $14m for global expansion
Tech 2 years ago

PREMIUM
Construction start-up Gravel secures $14m for global expansion

Gravel cofounder and chairman Nicholas Sutardja says the fresh funds will be used to access new markets.
WeWork files bankruptcy, its meteoric rise a faint memory
Companies 2 years ago

WeWork files bankruptcy, its meteoric rise a faint memory

The coworking company said its bankruptcy impacts operations in the United States and Canada, but "global operations are expected to continue as usual."
Tech unicorns expected to go public with eyes wide open
Markets 2 years ago

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Tech unicorns expected to go public with eyes wide open

Start-ups looking to go public need to show a quick path to profitability and lower their expectations for valuation to attract investor interest, analysts say.
Bali-based prefabricated home start-up bags $10m in Series A funding
Tech 2 years ago

PREMIUM
Bali-based prefabricated home start-up bags $10m in Series A funding

Stilt Studios, a start-up specializing in prefabricated modular homes, has secured US$10 million in a series A funding round consisting of a mix of debt and equity.
Supply chain start-up Bababos to double customer base after $3m funding
Tech 2 years ago

PREMIUM
Supply chain start-up Bababos to double customer base after $3m funding

Raw material procurement startup Bababos is seeking to cater 1,000 small and medium manufacturers by the end of 2023, more than double it is current number after its US$3 million funding led by East Ventures. 
Indonesia's nascent generative AI sector faces challenges in scaling up
Tech 2 years ago

PREMIUM
Indonesia's nascent generative AI sector faces challenges in scaling up

Industry experts suggest that the local AI sector will need government support, including funding as well as regulatory frameworks, for Indonesian developers to scale up and join the global technology race.
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