Latest Updates: Indonesian Tech Giants Expand in EVs, AI-Powered Banking

September 9, 2025 • 7:39 pm +00:00 • 2 min read

VINFAST invests $11.2 billion in Indonesia for EV plant, boosting country's tech-auto sector.
DigiAsia expands AI-powered banking in Indonesia and India, aiming for financial inclusion growth.
Watch for VINFAST's plant groundbreaking and DigiAsia's merchant onboarding progress for updates.

### Daily Briefing: Latest Developments in Indonesian Technology Companies and Startups in Indonesia and Southeast Asia **Date:** September 9, 2025 **Focus:** Key updates from the last 48 hours, based on recent news reports and social media posts. #### 1. Main Development: VINFAST Commits $11.2 Billion to EV Plant in Indonesia **Key Facts and Context:** Vietnamese EV maker VINFAST announced a IDR 185 trillion (about US$11.2 billion) investment to build a manufacturing plant in West Java, Indones...

### Daily Briefing: Latest Developments in Indonesian Technology Companies and Startups in Indonesia and Southeast Asia

**Date:** September 9, 2025
**Focus:** Key updates from the last 48 hours, based on recent news reports and social media posts.

#### 1. Main Development: VINFAST Commits $11.2 Billion to EV Plant in Indonesia
**Key Facts and Context:**
Vietnamese EV maker VINFAST announced a IDR 185 trillion (about US$11.2 billion) investment to build a manufacturing plant in West Java, Indonesia. This includes facilities for producing electric cars and batteries. The commitment was highlighted in business updates on September 8, 2025, and positions Indonesia as a major EV hub in Southeast Asia. It’s one of the largest foreign investments in the region’s tech-auto sector recently. VINFAST is also delaying its US factory to 2028 while expanding in Asia, including India.

**Why This Matters:**
This boosts Indonesia’s growing digital economy and sustainable tech push, potentially creating thousands of jobs and strengthening supply chains. It supports the country’s goal to become an EV leader, amid rising demand for green mobility in Southeast Asia. However, it relies on Indonesia developing renewable energy sources to power these vehicles effectively.

#### 2. Secondary Development: DigiAsia Expands AI-Powered Banking Partnership
**Key Facts and Context:**
DigiAsia Corp. (NASDAQ: FAAS) expanded its partnership with MOS Utility Ltd. on September 8, 2025, to advance AI-optimized branchless banking in Indonesia and India. The deal targets onboarding over 1 million merchants and taps into a market worth more than US$30 billion. It focuses on financial inclusion through AI-driven agent networks, building on Indonesia’s digital adoption trends.

**Why This Matters:**
This enhances access to banking in underserved areas, driving fintech growth in Indonesia’s startup ecosystem. It could accelerate digital transformation in Southeast Asia, where embedded finance is projected to hit US$130 billion by 2025. Success depends on effective AI integration and regulatory support, but it highlights investor interest in Indonesia’s tech scene.

**What to Watch for Next:**
Monitor VINFAST’s plant groundbreaking details, expected soon, and any government incentives for EV infrastructure. Track DigiAsia’s merchant onboarding progress and potential funding rounds. Keep an eye on broader investment trends, as Indonesia’s tech startups raised record funds in 2024—any new deals could signal continued momentum amid global economic shifts. Uncertainty remains around execution timelines and market competition.

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VinFast Commits $11.2B to Build EV Plant in Indonesia

September 8, 2025 • 7:41 pm +00:00 • 1 min read

VinFast invests $11.2 billion in Indonesian EV plant for production of EVs and batteries.
Investment may create jobs, boost EV adoption, and strengthen Indonesia's tech hub status.
Watch for start dates, job impacts, partnerships, incentives from VinFast and Indonesian authorities.

### Main Headline/Development VinFast Announces $11.2 Billion Investment in Indonesian EV Plant ### Key Facts and Context Vietnamese electric vehicle maker VinFast committed IDR 185 trillion (about $11.2 billion) to build a new manufacturing plant in West Java, Indonesia. The facility will produce EVs and batteries. This was highlighted in recent posts on X today, September 8, 2025, and aligns with Indonesia’s push for green tech. It’s one of Southeast Asia’s largest EV investm...

Indonesia Launches Nasdaq-Style CFX Exchange, Sets Crypto Milestone.

September 7, 2025 • 7:39 pm +00:00 • 1 min read

Indonesia launches Nasdaq-style crypto exchange, leading regulated digital assets in Southeast Asia.
CFX exchange registered 31 platforms, with $6.9 million revenue in first half 2025.
Indonesia emerges as leader in regulated crypto, potentially influencing other markets and fostering digital growth.

### Main Headline/Development Indonesia Launches Nasdaq-Style Crypto Exchange, Pioneering Regulated Digital Assets in Southeast Asia. ### Key Facts and Context On September 6, 2025, Indonesia introduced CFX, a regulated crypto exchange modeled after Nasdaq—the first of its kind globally. It has registered 31 platforms, with 20 fully licensed, and generated $6.9 million in revenue in the first half of 2025. This builds on Indonesia’s growing digital economy, projected to reach $146 billion...

### Main Headline/Development
Indonesia Launches Nasdaq-Style Crypto Exchange, Pioneering Regulated Digital Assets in Southeast Asia.

### Key Facts and Context
On September 6, 2025, Indonesia introduced CFX, a regulated crypto exchange modeled after Nasdaq—the first of its kind globally. It has registered 31 platforms, with 20 fully licensed, and generated $6.9 million in revenue in the first half of 2025. This builds on Indonesia’s growing digital economy, projected to reach $146 billion by year-end, according to reports from Google, Temasek, and Bain. Local fintech startups are already integrating with the platform. Posts on X highlight this as a game-changer, though some note potential conflicts with crypto’s decentralized ethos. (Sources: Tech in Asia, X posts)

### Why This Matters
This positions Indonesia as a leader in regulated crypto in Southeast Asia, attracting investments and boosting the digital economy amid a surge in tech funding—Indonesia saw record investments in 2024, with startups raising billions. It could inspire other emerging markets but raises uncertainties around balancing regulation with innovation. For startups, it opens new revenue streams in fintech and blockchain, potentially creating jobs and driving economic growth in a region where digital adoption is accelerating.

### What to Watch for Next
Monitor how global investors and platforms respond to CFX, including any international partnerships or regulatory pushback. Watch for impacts on Indonesian startups’ funding rounds in Q4 2025, and track revenue updates from the exchange in the coming months. Any clashes with decentralization advocates could lead to policy adjustments.

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Indonesian Crypto Exchange CFX Reports $6.9M Revenue, Leading Southeast Asia Tech Growth

September 6, 2025 • 7:41 pm +00:00 • 1 min read

Indonesia's CFX Crypto Exchange earns $6.9 million in revenue in first half of 2025.
Indonesia leads Southeast Asia in regulated crypto market, sparking innovation but raising regulatory concerns.
Watch for OJK updates on crypto transactions and new funding rounds in Indonesian tech sector.

### Daily Briefing: Latest Developments in Indonesian Technology Companies and Startups in Southeast Asia #### 1. Main Headline/Development Indonesia’s CFX Crypto Exchange Reports $6.9 Million Revenue in First Half of 2025. #### 2. Key Facts and Context On September 6, 2025, Tech in Asia reported that Indonesia’s new Nasdaq-style crypto exchange, CFX, generated $6.9 million in revenue from January to June 2025. The exchange has registered 31 platforms, with 20 fully licensed. This ma...

### Daily Briefing: Latest Developments in Indonesian Technology Companies and Startups in Southeast Asia

#### 1. Main Headline/Development
Indonesia’s CFX Crypto Exchange Reports $6.9 Million Revenue in First Half of 2025.

#### 2. Key Facts and Context
On September 6, 2025, Tech in Asia reported that Indonesia’s new Nasdaq-style crypto exchange, CFX, generated $6.9 million in revenue from January to June 2025. The exchange has registered 31 platforms, with 20 fully licensed. This makes Indonesia the first country to build such a regulated crypto marketplace. Social media discussions on X highlight growing crypto adoption in Southeast Asia, with APAC regions seeing a 69% year-over-year jump in crypto activity, driven by countries like India, Vietnam, and Indonesia.

#### 3. Why This Matters
This revenue milestone shows Indonesia’s push to lead Southeast Asia’s digital economy, projected to reach $146 billion by 2025 according to Google-Temasek-Bain reports. It could attract more investors and startups to regulated crypto tech, boosting innovation in fintech. However, it sparks debate on whether heavy regulation clashes with crypto’s decentralized nature, potentially affecting market freedom in emerging economies.

#### 4. What to Watch for Next
Monitor upcoming OJK (Indonesia’s financial authority) updates on crypto transaction volumes, which hit Rp 276.45 trillion from January to July 2025. Watch for new startup funding rounds in Indonesia’s tech sector, especially in fintech and e-commerce, amid regional IP application surges and global crypto adoption trends.

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Indonesia Emerges as Digital Health Leader in Southeast Asia

September 5, 2025 • 7:45 pm +00:00 • 1 min read

Indonesia named digital health leader in Southeast Asia at InterSystems Asia Healthcare Summit 2025.
Summit focuses on AI-powered EHRs, real-time data sharing, and Indonesian advancements in digital health.
Indonesia's role attracts collaborations, potential partnerships with U.S. tech firms, boosting healthcare innovation.

### Daily Briefing: Latest Developments in Technology Companies and Startups in Indonesia and Southeast Asia #### 1. Main Headline/Development Indonesia spotlighted as Southeast Asia’s digital health leader at InterSystems Asia Healthcare Summit 2025. #### 2. Key Facts and Context The summit, held recently with announcements breaking on September 4-5, 2025, focused on AI-powered electronic health records (EHRs) and real-time data sharing. Indonesia was highlighted for its advancements in d...

### Daily Briefing: Latest Developments in Technology Companies and Startups in Indonesia and Southeast Asia

#### 1. Main Headline/Development
Indonesia spotlighted as Southeast Asia’s digital health leader at InterSystems Asia Healthcare Summit 2025.

#### 2. Key Facts and Context
The summit, held recently with announcements breaking on September 4-5, 2025, focused on AI-powered electronic health records (EHRs) and real-time data sharing. Indonesia was highlighted for its advancements in digital health, including integrations with fintech for healthcare payments. Posts on X from sources like Business Wire and regional experts noted Indonesia’s role as a beacon, with potential collaborations involving U.S. tech firms. This builds on Indonesia’s ongoing digital economy push, supported by a young population and rising internet penetration (over 200 million users as of 2025).

#### 3. Why This Matters
This positions Indonesia as a hub for health tech innovation in Southeast Asia, potentially attracting more foreign investment and partnerships. It could accelerate digital transformation in healthcare, improving access in a region with uneven medical infrastructure. For startups, it signals growth opportunities in AI and data tech, amid Indonesia’s booming ecosystem that saw $75.6 billion in startup funding historically.

#### 4. What to Watch For Next
Monitor upcoming summit outcomes, such as new partnerships or funding announcements for Indonesian health tech startups. Keep an eye on government policies or investor reactions in the next week, which could influence broader SEA tech trends like AI adoption.

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Vidio Enters Unicorn Club, Boosts Indonesian Tech Scene

September 4, 2025 • 7:43 pm +00:00 • 1 min read

Vidio reaches $1 billion valuation, becomes Indonesia's latest unicorn in tech industry.
Indonesian streaming platform Vidio captures 22% market share with 4.8 million subscribers.
Growth in Indonesia's tech sector showcases potential for Southeast Asia and partnership benefits.

### Daily Briefing: Latest Developments in Indonesian Technology Companies and Startups in Southeast Asia #### 1. Main Development: Vidio Becomes Indonesia’s Newest Unicorn Vidio, an Indonesian streaming platform, hit a $1 billion valuation, joining the unicorn club. #### 2. Key Facts and Context – Vidio now has 4.8 million subscribers, capturing 22% of Indonesia’s streaming market. – It focuses on sports like the English Premier League, Serie A, and Liga 1, plus 85 origi...

Indonesian Streaming Platform Vidio Attains Unicorn Status, Surpasses Global Competitors

September 3, 2025 • 7:37 pm +00:00 • 1 min read

Indonesian platform Vidio achieves unicorn status with $1 billion valuation.
Vidio offers sports and original content, outperforming global competitors in Indonesia's streaming sector.
Vidio's success indicates momentum in Indonesia's tech startup scene amid declining investor interest.

### Main Headline/Development Vidio, an Indonesian streaming platform, achieved unicorn status on September 3, 2025. ### Key Facts and Context Vidio reached a $1 billion valuation, as reported by Tech in Asia. It has 4.8 million subscribers and holds a 22% market share in Indonesia’s streaming sector. The company offers exclusive sports content like the English Premier League, Serie A, and Liga 1, plus over 85 original series. Backed by investors including Emtek, Grab, and Sinar Mas, Vidio...

### Main Headline/Development
Vidio, an Indonesian streaming platform, achieved unicorn status on September 3, 2025.

### Key Facts and Context
Vidio reached a $1 billion valuation, as reported by Tech in Asia. It has 4.8 million subscribers and holds a 22% market share in Indonesia’s streaming sector. The company offers exclusive sports content like the English Premier League, Serie A, and Liga 1, plus over 85 original series. Backed by investors including Emtek, Grab, and Sinar Mas, Vidio is now outperforming global competitors like Netflix and Viu in its home market. This news emerged from recent reports and social media discussions on X, highlighting its rapid growth in Southeast Asia’s digital entertainment space.

### Why This Matters
This milestone signals strong momentum in Indonesia’s tech startup ecosystem, especially in digital media, amid a broader “tech winter” with declining investor interest in other sectors. It could attract more funding to local startups, boost job creation, and show how homegrown platforms can compete with international giants by focusing on local content like sports. However, details on exact funding rounds remain unconfirmed, adding some uncertainty to its long-term sustainability.

### What to Watch for Next
Monitor Vidio’s potential expansion into new markets or content deals, as well as investor reactions that could spark similar valuations for other Indonesian tech firms. Keep an eye on competition from global streamers and any regulatory changes in Indonesia’s digital economy.

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Political Unrest Triggers Market Selloff in Indonesian Tech Industry

September 2, 2025 • 7:41 pm +00:00 • 2 min read

Political unrest in Indonesia causes market selloff, impacting tech investor confidence.
Violent protests trigger stock plunges, rupiah weakening, and uncertainty in tech investments.
Market volatility from protests risks hindering tech growth and foreign investments in Indonesia.

### Daily Briefing: Latest Developments in Indonesian Technology Companies and Startups – Indonesia Focus #### 1. Main Headline/Development Political unrest in Indonesia triggers market selloff, denting investor confidence in tech startups and companies. #### 2. Key Facts and Context – Violent protests erupted nationwide on September 1, 2025, sparked by public outrage over parliamentary housing allowances of about $3,000 per month and the death of a 21-year-old delivery driver. – The...

### Daily Briefing: Latest Developments in Indonesian Technology Companies and Startups – Indonesia Focus

#### 1. Main Headline/Development
Political unrest in Indonesia triggers market selloff, denting investor confidence in tech startups and companies.

#### 2. Key Facts and Context
– Violent protests erupted nationwide on September 1, 2025, sparked by public outrage over parliamentary housing allowances of about $3,000 per month and the death of a 21-year-old delivery driver.
– The Jakarta Composite Index fell sharply, with Indonesian stocks plunging amid the turmoil, as reported by Financial Times and local sources like Bisnis Indonesia.
– The rupiah weakened, and foreign funds pulled back, according to market updates on X and Reuters.
– Despite the chaos, some positive tech news emerged: Reports from X highlighted milestones like 10 million job seekers matched in e-logistics and a projected $1.1 trillion fintech market by 2025, per local tech roundups.
– Fintech remains a dominant sector, securing 42% of startup funding in 2024, based on recent industry reports, though 2025 investments face uncertainty due to the unrest.

#### 3. Why This Matters
The protests have spooked investors, leading to immediate market volatility that could slow funding for Indonesia’s booming tech ecosystem—valued at a projected $130 billion digital economy by 2025. This risks delaying growth in key areas like fintech and deep tech, where Indonesia has 26,900 startups and 14 unicorns. However, resilient sectors like e-logistics show the tech industry might weather short-term disruptions, but prolonged unrest could reduce foreign investment and hinder job creation in a youth-driven market.

#### 4. What to Watch for Next
Monitor government responses to protests, such as potential stimulus or resolutions urged by business groups like Kadin and Apindo. Track IDX Composite Index movements and rupiah stability over the next 24 hours, plus any updates on tech funding rounds or mergers amid the “tech winter” trend. If unrest escalates, watch for impacts on major players like Telkomsel or fintech unicorns.

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Telkom Indonesia Launches AI Center of Excellence to Boost National Tech Ecosystem

September 1, 2025 • 7:41 pm +00:00 • 2 min read

Telkom Indonesia launches AI Center of Excellence to boost AI adoption in sectors.
Initiative aims to support local businesses, close AI development gap, and enhance digital economy.
Monitor partnerships, government funding, and investor reactions for impact on startup funding trends.

### Telkom Indonesia Launches AI Center of Excellence **Main Headline/Development** Telkom Indonesia, the state-owned telecom giant, officially launched its AI Center of Excellence (CoE) on August 31, 2025, during the BATIC 2025 event in Bali. **Key Facts and Context** The AI CoE is built on four main pillars: AI Campus for academic collaborations, AI Playground for startup innovation, AI Connect for industry partnerships, and AI Hub for resource sharing. It aims to speed up AI adoption across s...

### Telkom Indonesia Launches AI Center of Excellence

**Main Headline/Development**
Telkom Indonesia, the state-owned telecom giant, officially launched its AI Center of Excellence (CoE) on August 31, 2025, during the BATIC 2025 event in Bali.

**Key Facts and Context**
The AI CoE is built on four main pillars: AI Campus for academic collaborations, AI Playground for startup innovation, AI Connect for industry partnerships, and AI Hub for resource sharing. It aims to speed up AI adoption across sectors like fintech, e-commerce, and public services. The launch involves partnerships with universities, startups, small businesses (UMKM), and government entities. Telkom highlighted this as a step toward Indonesia’s digital transformation goals, amid a broader tech ecosystem where startups raised $75.6 billion historically, though recent funding has slowed due to “tech winter” challenges.

**Why This Matters**
This initiative could help Indonesia close the gap in AI development, where the country lags behind regional leaders like Singapore. By fostering collaborations, it supports local startups and businesses in adopting AI, potentially creating jobs and boosting the digital economy projected to reach $130 billion by 2025. It addresses funding shortages in the startup scene, where fintech dominated 42% of 2024 investments, and signals government-backed momentum for tech innovation without overpromising quick wins—success depends on execution amid economic uncertainties.

**What to Watch for Next**
Monitor upcoming partnerships or pilot projects from the AI CoE, especially with startups and universities. Track any government funding announcements or early AI applications in key sectors. Watch for investor reactions, as this could influence startup funding trends in the coming months.

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Indonesia Drives ASEAN Digital Economy, Hosts BATIC 2025

August 31, 2025 • 7:39 pm +00:00 • 2 min read

Indonesia pushes ASEAN Digital Economy Framework, aims for $2 trillion by 2030.
BATIC 2025 event in Bali features AI Center launch and e-commerce empowerment initiatives.
Indonesia's tech advancements position it as a regional digital leader with potential economic growth.

### Main Development: Indonesia Advances ASEAN Digital Economy Framework and Hosts Major Tech Event Indonesia is accelerating efforts to finalize the ASEAN Digital Economy Framework Agreement (DEFA) while launching key initiatives at the BATIC 2025 event to boost its digital sector. ### Key Facts and Context – On August 31, 2025, Indonesia’s Coordinating Minister for Economic Affairs, Airlangga Hartarto, urged faster completion of the DEFA, projecting it could grow Southeast Asia...

### Main Development: Indonesia Advances ASEAN Digital Economy Framework and Hosts Major Tech Event
Indonesia is accelerating efforts to finalize the ASEAN Digital Economy Framework Agreement (DEFA) while launching key initiatives at the BATIC 2025 event to boost its digital sector.

### Key Facts and Context
– On August 31, 2025, Indonesia’s Coordinating Minister for Economic Affairs, Airlangga Hartarto, urged faster completion of the DEFA, projecting it could grow Southeast Asia’s digital economy to $2 trillion by 2030.
– The Bali Annual Telkom International Conference (BATIC) 2025 kicked off in Bali, themed “Igniting Tomorrow’s Digital Evolution,” with hundreds of global leaders discussing AI, infrastructure, and digital innovation.
– Telkom Indonesia launched an AI Center of Excellence at the event, focusing on four pillars: AI adoption, university collaborations, startup support, and aid for small businesses (UMKM).
– A new eTrade Readiness Assessment, released in partnership with UNCTAD and Indonesia’s Foreign Ministry, highlights e-commerce potential for empowering SMEs, women, youth, and remote communities, amid near-universal internet access in a population where half are under 30.
– Broader trends show Southeast Asia’s AI infrastructure investments rising from $13.7 billion in 2024 to over $30 billion by 2030, driven by tech giants like Microsoft, Google, Amazon, and Nvidia expanding in Indonesia and neighbors.

### Why This Matters
These steps position Indonesia as a digital leader in Southeast Asia, its largest market, by fostering inclusive growth in e-commerce, fintech, and AI. The DEFA could unlock massive economic value, creating opportunities for startups and jobs, but success depends on addressing inclusion gaps for underserved groups. The AI Center and BATIC event signal practical support for innovation, potentially attracting more foreign investment amid a booming regional tech ecosystem. However, uncertainties remain around regulatory hurdles and equitable access.

### What to Watch for Next
Monitor negotiations on the DEFA at upcoming ASEAN meetings, which could finalize terms by late 2025. Track outcomes from BATIC 2025, including new partnerships or funding announcements for Indonesian startups. Watch for updates on the eTrade Assessment’s implementation, as well as any investment deals from global tech firms in Indonesia’s AI and digital infrastructure.

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