Unfazed by the competition, Bhasin said the company’s auto sector is the most-visited auto classifieds platform in the region.

The new facility adds to the long list of global companies building digital infrastructure in Indonesia.

Two to three billion-dollar startups will emerge in the next five years on the back of growth in Indonesia’s tier-2 and tier-3 cities.

Employee stock ownership plans are on the rise in Indonesia. Experts predict the country to be a ‘substantial market’ for such employee benefit systems.

Malaysia has been the most impacted with over 11 million being exposed, followed by Singapore with 3 million, and 879,699 users in the Philippines.

The low-cost airline company has been rolling out new features like grocery and food orders, clinic bookings, and rides in select countries.

TikTok is currently hiring for various roles related to e-commerce in Indonesia and Singapore.

Following robust growth in international markets, Jet Commerce aims to double its revenue this year.