James Chan

Despite obstacles brought on by the COVID-19 pandemic, Haidilao’s stock price went up 48% over the last 12 months.

From Gojek to Tokopedia, Indonesia is home to some of the biggest players in Southeast Asia’s tech scene.

Tech companies want to tap into customer data from small neighborhood shops in exchange for offering digital services.

There are about 3.5 million small neighborhood shops, known as warungs, in Indonesia.

Following TikTok’s ban in India, these local alternatives are hoping to seize the opportunity.

The company continues to grow and has seen an 880% increase in its stock price within the past 18 months.

Although it has been compared to Luckin in the past, Kopi Kenangan takes a more measured approach to growth.

With policy support, the move could be a winning play for Nio.