Chinese cross-border e-commerce startup Jumore appears to have solidified its development in Indonesia, after Djauhari Oratmangun, the Ambassador of Indonesia to China and Mongolia, paid a visit to its office during the ambassador’s trip to China in August.
Founded in 2015, Jumore, which is based in Hangzhou, Alibaba’s headquarter, adopts a business model similar to Alibaba but with a focus on commodities such as minerals, metals, energy, chemicals, agricultural products, in addition to other consumer-facing items as well.
The firm claims to work with entrepreneurs from 127 countries and it is ready to help them enter Indonesia market and vice versa.
“We saw the huge potential of Indonesian export products, such as coal, agriculture, and many others that have not been sufficiently promoted. And by leveraging on digitized or e-commerce platforms will help achieve more exports,” said Eric Lu, chairman at Jumore, in an interview.
According to Worlds Top Exports, China has been the largest trading partner of Indonesia in recent years. It accounted for 13.7% of Indonesian exports in 2017. The two countries have nurtured close cooperation in the fields of infrastructure, energy resources, finance, and so forth.
Director of International Affairs Jumore Group Ines said that although Indonesia is a promising market, it still relies on middlemen for the export practice. She claims that local exporters could cut off the unnecessary middlemen by using Jumore to connect directly with the demand side, making the whole process more streamlined.
Editor: Ben Jiang
James Prananto of Kopi Kenangan on promoting Indonesian coffee: Startup StoriesJames Prananto of Kopi Kenangan on promoting Indonesian coffee: Startup Stories
Daniel de Gruijter of Incitement on instigating a movement: Startup StoriesDaniel de Gruijter of Incitement on instigating a movement: Startup Stories
SoftBank-backed Chinese robot producer CloudMinds files for USD 500 million IPOSoftBank-backed Chinese robot producer CloudMinds files for USD 500 million IPO
Michael Currie of Fling on the future of Southeast Asia’s airspace: Startup StoriesMichael Currie of Fling on the future of Southeast Asia’s airspace: Startup Stories
Moving forward: Early StageMoving forward: Early Stage