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The new rules prohibit e-tailers from hosting flash sales and mandates they appoint a grievance officer to address consumer complaints.

Kredivo CEO Umang Rustagi said the funds will help the company reach its target of 10 million users in the country.

Singapore tech group valued at USD 140 billion launches e-commerce in Chile and Colombia.

With a goal to improve efficiency within the apparel industry, Quanliang Quansu’s founder aims to use technology, data, and algorithms to kickstart her new venture.

The number of crypto investors in Indonesia now exceeds its 2.2 million stock traders, per data released in March by the Indonesian Stock Exchange.

The company was valued at USD 400 billion for new investors taking stakes in April.

The company’s technology can sort 2,500 products per hour, slashing logistics expenses in an industry with rising labor costs.

Open banking initiatives benefit “embedded fintech” solutions that are set to grow into a USD 3.6 trillion market, according to Bain Capital.

Shouqi bills itself as an upscale, exclusive ride provider with government backing and connections.

The beauty-focused social commerce platform has over 4,500 active resellers that carry beauty products, mostly from Japan and Korea, for Indonesian customers.