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unicorn

Government pushes startups to go public amid profitability uncertainties, IPO costs
Business 6 years ago

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Government pushes startups to go public amid profitability uncertainties, IPO costs

The government and the Indonesia Stock Exchange (IDX) signed a memorandum of understanding (MOU) on April 3, as a joint effort to facilitate the development of startups.
Nadiem Makarim and Gojek’s runaway success: What you need to know
Science & Tech 6 years ago

Nadiem Makarim and Gojek’s runaway success: What you need to know

While many people might think that Gojek is the country’s equivalent of other ride-hailing platforms such as Grab and Uber, the platform is much more than a transportation-based app.
Farewell, Gojek: Nadiem’s letter to staff shows high hopes for future of Indonesia, Gojek
Business 6 years ago

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Farewell, Gojek: Nadiem’s letter to staff shows high hopes for future of Indonesia, Gojek

In his farewell letter to Gojek staff – called “GoTroops –,  the 35-year-old Nadiem underscored a big mission for the on-demand service app giant, which is backed by Google and Visa, as well as China’s Tencent.
China's 'unicorn' startups exceed US number for first time
Business 6 years ago

China's 'unicorn' startups exceed US number for first time

There were 206 Chinese firms out of a global total of 494 ultra-valuable start-ups -- known as "unicorns" -- in June 2019, according to the research firm Hurun Report.
Indonesia jumps six spots to 68th in global economic openness index
Business 6 years ago

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Indonesia jumps six spots to 68th in global economic openness index

The study focused on four aspects the institute considers key to having an open economy, namely market access and infrastructure, investment environment, enterprise conditions and governance.
No more ‘burning money’: Calls grow for more rational tech valuation as VCs eye Indonesian start-ups
Business 6 years ago

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No more ‘burning money’: Calls grow for more rational tech valuation as VCs eye Indonesian start-ups

With gross merchandise value increasingly becoming the metric to value online retail businesses in their initial stages, venture capitalists and economists are now warning of the sustainability of such valuations.
Small, medium start-ups struggle to retain talents in ‘salary war’
Business 6 years ago

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Small, medium start-ups struggle to retain talents in ‘salary war’

A 2018 study by the McKinsey Global Institute and the World Bank that projected a shortage of 9 million skilled and semiskilled workers for the digital sector in Indonesia between 2015 and 2030.
BRI teams up with Traveloka to offer Brizzi e-money card top-up service
Business 6 years ago

BRI teams up with Traveloka to offer Brizzi e-money card top-up service

BRI targets to issue 15.5 million of cards by the end of this year.
First Indonesian diplomat to build unicorn: Ex-ambassador sets goal for new 'umrah' marketplace
Business 6 years ago

First Indonesian diplomat to build unicorn: Ex-ambassador sets goal for new 'umrah' marketplace

"I was already the youngest Indonesian diplomat to the US. Hopefully, I can break another record as the first [former] diplomat to build a unicorn," he told the press.
Employees expendable as start-ups scramble for market dominance
Business 6 years ago

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Employees expendable as start-ups scramble for market dominance

For hundreds of employees of homegrown unicorn Bukalapak, collective paranoia over job security turned into a bitter reality as the e-commerce company failed to renew their contracts.
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