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Research from Tech in Asia

Tech in Asia (YC W15) is the largest English-language technology media company that focuses on Asia. From the latest news to the hottest trends and the boldest startups to the strongest titans, we cover everything tech in the region. Our goal is to build and serve Asia’s tech and startup community.

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GoTo Gojek Tokopedia Tbk PT / Private Capital Markets

<p>Gojek’s ecosystem is expected to contribute 249 trillion rupiah (US$17.6 billion) to the Indonesian economy in 2021 – a 60% increase compared to last year, according to a <a href="https://ldfebui.org/penelitian/ringkasan-penelitian/dampak-ekosistem-gojek-terhadap-perekonomian-indonesia-2021-mendukung-pemulihan-ekonomi-nasional/" target="_blank" rel="noopener">study</a> by the University of Indonesia’s Demographic Institute of the Faculty of Economics and Business (LD FEB).</p>

Gojek’s ecosystem is expected to contribute 249 trillion rupiah (US$17.6 billion) to the Indonesian economy in 2021 – a 60% increase compared to last year, according to a study by the University of Indonesia’s Demographic Institute of the Faculty of Economics and Business (LD FEB).

Gojek to Add $17.6b to Indonesian Economy

Latest News from the World’s Leading Innovators

Granite Bay Capital

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Granite Bay Capital is an innovation focussed investment company with a deep focus on the companies at the leading edge of innovation across major themes such as AI, ubiquitous computing, sustainability, automation and longevity.

Thematic (Sector/Industry)

<p>Headline Developments A significant breakthrough with IBM (IBM) unveiling the world’s first chip on 2 nanometer (nm) technology.  In a nutshell, the nm represent the distance between transistors on a chip.  The less distance between transistors, the more density, performance and power efficiency.</p>

Headline Developments A significant breakthrough with IBM (IBM) unveiling the world’s first chip on 2 nanometer (nm) technology.  In a nutshell, the nm represent the distance between transistors on a chip.  The less distance between transistors, the more density, performance and power efficiency.

Indonesia

PT Mitra Adiperkasa Tbk operates department stores and specialty stores selling a broad range of goods including clothing, toys, food, and other merchandise.

Bukalapak.com PT Tbk provides e-discretionary services. The Company offers range of electronics, food, shoes, apparel, watches, bags, cosmetics products, and other accessories. Bukalapak.com serves customers in Indonesia.

PT Matahari Department Store Tbk engages in the retail business for several types of products such as clothes, accessories, bags, shoes, cosmetics, household appliances, and management consulting services.

PT Ramayana Lestari Sentosa Tbk operates department stores in Indonesia which sell items such as clothes, accessories, bags, shoes, cosmetics, and daily needs. Its department stores are known as Ramayana, Robinson, and Cahaya.

PT MAP Aktif Adiperkasa Tbk retails sporting goods. The Company operates an online portal that offers a wide range boots, shoes, sandals, shorts, caps, hoodies, and accessories. Map Aktif Adiperkasa serves customers in Indonesia.

PT Multipolar Tbk imports, trades, distributes, retails, and services computers and related products. The Company provides computer equipment rental, informatics engineering, and management services. Multipolar, through its subsidiaries, also provides share administration services.

PT ACE Hardware Indonesia Tbk retails tools, home improvement products, lawn and garden supplies, plumbing, furniture, sporting goods, and pet supplies.

PT Trikomsel Oke Tbk operates in the retail telecommunication business.  The Company operates retail stores in cities throughout Indonesia that offer a wide range of branded cellular phones.

PT Tunas Ridean Tbk and its subsidiaries operate automobile dealerships that sell new and used motor vehicles, spare parts and accessories as well as provide after-sales services.  Through its subsidiary, PT Tunas Financindo Corporation, the Company also provides operating lease and consumer financing services.

PT Indomobil Sukses Internasional Tbk assembles, and distributes automobiles, buses, trucks, motorcycles, and their related parts. The Company provides automotive maintenance, financing, and rental services.  Indomobil also trades used cars.

Takashimaya Company, Limited., founded in Kyoto in 1831, operates department stores.  The Company's main stores are located in Tokyo, Osaka, and Kyoto. Takashimaya also operates department stores in Paris, France, Singapore, China, Australia, and New York, USA.  The Company retails clothing, foods, art objects, sundry goods, and household utensils.  The Company also operates restaurants.

Harvey Norman Holdings Limited is a holding company for companies and trusts in a third party franchise agreement. The franchises operate stores under the name "Harvey Norman Discounts," selling home wares and electrical goods. The Company also provides advisory and advertising to the franchises. In addition, the Company provides consumer finance and has property investments.

RYOHIN KEIKAKU CO., LTD. is a retailer and wholesaler of Mujirushi Ryohin brand products, which were originally a generic private-brand product.  The Company's product line includes knitwear, food, and household items

Guangzhou Friendship Group Co., Ltd operates supermarkets and department stores in Guangzhou, China.  The Company sells a variety of consumer products, including apparel, food and beverages, electronics, jewelry, cosmetics, and electric appliances.  Guangzhou Friendship also leases real estate properties.

Guangzhou Friendship Group Co, Ltd. (000987 CH)

J. FRONT RETAILING CO., Ltd. is a holding company established through the merger of Daimaru and Matsuzakaya.  J. FRONT RETAILING operates department stores and supermarkets. The Company also manages subsidiaries which operate in wholesale businesses.

MARUI GROUP CO., LTD. operates department stores which sell clothing, accessories, home appliances, and food stuffs.  The Company also provides consumer loan services.  Marui Group operates in the Tokyo area.

Macy's, Inc. operates department stores in the United States.  The Company also operates direct mail catalog and electronic commerce subsidiaries. Macy's retail stores sell a wide range of merchandise, including men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.

Nordstrom, Inc. is a fashion retailer of apparel, shoes, and accessories for men, women, and children.  The Company operates through multiple retail channels, discount stores, boutiques, catalogs, and on the Internet. Nordstrom, Inc. also offers, through a subsidiary, private label card credit and debit cards.

Woolworths Holdings Limited is a South African-based retail group. The Group, operates a chain of retail stores offering a selected range of clothing, food, homeware, beauty and financial services under its own brand name. The Company also owns a clothing and homeware retailer and has stores in selected African countries and the Middle East.

Hainan Island Construction Co Ltd.  is a property development company. The Company also operates regional malls and hotels.

PT GoTo Gojek Tokopedia Tbk operates as an e-commerce platform. The Company offers mobility, food delivery, logistics, e-commerce, and financial technology solutions. GoTo Gojek Tokopedia serves customers in Indonesia.

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GoTo Gojek Tokopedia Tbk PT (GOTO IJ)

Gojek to Add $17.6b to Indonesian Economy

Gojek’s ecosystem is expected to contribute 249 trillion rupiah (US$17.6 billion) to the Indonesian economy in 2021 – a 60% increase compared to...

Tech in Asia

Weekly Innovation Review (WIRE) #31

Headline Developments A significant breakthrough with IBM (IBM) unveiling the world’s first chip on 2 nanometer (nm) technology. In a nutshell,...

Granite Bay Capital

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