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“The losses are in line with our expectation,” says Luckin Coffee.

In Indonesia, health tech is developing quite well over the past few years.

Grab might be receiving up to $5 billion in Series H, beyond the planned 3 billion.

Indonesian Zalora’s National Online Shopping Day sales triumph is the latest evidence of the country’s rosy e-commerce market growth.

iflix said the deal further reinforces its commitment to core markets in Asia, particularly Indonesia, Malaysia and the Philippines.

The company now claims it’s the largest digital payment platform in Indonesia.

Chinese coffee upstart Luckin Coffee, supercharged by a recent US$200 million Series B funding, is pairing up with Hong Kong-listed Meituan as the company looks to expand its customer reach given Meit

CHJ Auto (CHJ), a Beijing-based NEV (new energy vehicle) startup backed by Matrix Partners China’s RMB3 billion (US$435 million) Series B funding, announced on Monday the acquisition of LiFan Mo