business / news / / The Straits Times
Chinese companies are fanning out across the globe in search of new markets.
Chinese brands like BYD, Mixue, Haidilao, and Chery are rapidly expanding their presence in Jakarta.
KEY POINTS
- Indonesia is offering preferential tax rates to foreign carmakers that build factories locally, attracting Chinese automakers.
- Chinese firms are leveraging livestream shopping via TikTok, making Indonesia a top global market for this trend.
- Boycotts of US brands over the Gaza conflict have accelerated Chinese brands' popularity among young Indonesian consumers.
- Consumer perceptions of Chinese products in Indonesia have shifted from low quality to innovative and desirable.
COMPANIES
Summarized by Newsio from The Straits Times. How we summarize →