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Huawei Cloud has launched new AI-native solutions aimed at enhancing cloud services and accelerating AI development, achieving over 50% growth outside China in 2024. The company emphasizes its commitment to innovation across various sectors, including finance, government, and automotive, with over 400 use cases driving value creation. New offerings, such as the CloudDC Solution and Enterprise IT Cloud Migration Solution, further solidify Huawei Cloud's position in the global market for digital transformation.
J&T Express has reported its first-ever annual profit in 2024, marking a significant milestone for the company. This achievement highlights the growth and success of the logistics firm in a competitive market. The financial turnaround sets a positive outlook for its future operations.
Huawei Cloud is positioning AI as its core strategy, aiming to evolve from cloud-native to AI-native services. The company reported over 50% growth in 2024 outside China, becoming a preferred partner for many organizations. At the Huawei Cloud Summit, it emphasized the importance of high-quality data and the development of AI-native infrastructure and services to meet diverse industry needs.
BMW Group Indonesia has filed a lawsuit against BYD for the unauthorized use of the “M6” trademark, which BMW claims is registered and recognized for its high performance and exclusivity. The lawsuit, aimed at preventing brand confusion, was submitted to the Central Jakarta Commercial Court on February 26. BMW asserts that BYD's use of the name could mislead consumers regarding product authenticity and quality.
Indonesia's pay later debt has reached a significant $1.81 billion, highlighting the growing reliance on this financial service among consumers. This surge reflects changing spending habits and the increasing popularity of flexible payment options in the region.
In 2024, Indonesia's online food and beverage spending reached 212.2 trillion rupiah (US$12.9 billion), with food purchases at 177.7 trillion rupiah (US$10.81 billion) and beverages at 34.5 trillion rupiah (US$2.1 billion). The food delivery sector generated 88.9 trillion rupiah (US$5.41 billion), led by GrabFood with a 47% market share, followed by GoFood at 35% and ShopeeFood at 18%. GoFood's top-selling item remained chicken rice for the sixth year, while iced Americano and seblak are anticipated to gain popularity in 2025.
Sea Ltd reported a 36.9% increase in Q4 revenue, reaching US$4.95 billion, driven by Shopee's 41.3% growth in Indonesia during the holiday season. SeaMoney's revenue surged 55.2%, surpassing expectations, while Garena anticipates double-digit growth in users and bookings by 2025. Following the earnings report, shares rose 11% in premarket trading.
In January 2025, Indonesia's crypto transactions soared to 44.07 trillion rupiah (US$2.68 billion), a remarkable 104.31% increase from the previous year. This surge contributes to a total of 650.6 trillion rupiah (US$39.56 billion) in crypto transactions for 2024. As of February 2025, there are 1,396 crypto assets available for trading, with 19 entities authorized by the OJK, including one exchange and one clearing institution, while 14 more are seeking permits following the regulatory shift from Bappebti to OJK.
In January 2025, Indonesia's pay later transactions reached 29.69 trillion rupiah (US$1.81 billion), marking a nearly 50% increase from December 2024. Financing companies saw a 41.9% year-on-year growth, while bank-facilitated transactions rose by 46.45%. Notably, 70.4% of users are aged 18 to 35.
J Trust Bank has filed a police report against the fintech startup Crowde, escalating tensions in the financial technology sector. The details surrounding the allegations remain unclear, but this move highlights ongoing challenges and scrutiny within the industry.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Huawei Cloud launches AI-native solutions to drive global digital transformation
16:35 05.03.2025
J&T Express reports first annual profit in 2024
14:42 05.03.2025
huawei cloud accelerates ai-native strategy with significant global expansion
11:21 05.03.2025
BMW files lawsuit against BYD over M6 trademark in Indonesia
06:35 05.03.2025
indonesia pay later debt reaches 1.81 billion dollars
05:43 05.03.2025
indonesian online food and beverage spending reaches 12.9 billion dollars in 2024
04:50 05.03.2025
sea ltd reports strong q4 revenue growth driven by shopee and seamoney
03:50 05.03.2025
indonesia crypto transactions soar 104 percent in january 2025
03:10 05.03.2025
indonesia pay later debt reaches 1.81 billion dollars in january 2025
02:50 05.03.2025
j trust bank reports fintech startup crowde to police
02:43 05.03.2025
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