Several Chinese companies have recently initiated acquisitions of Indonesian listed companies, driving significant increases in related stock prices. PT Tourindo Guide Indonesia (PGJO) had 61.96% of its shares acquired by China's Zhengyu Global Trading, with its share price rising 957.89% within the year to IDR 1,105 per share, as the company's business shifted from a tourism technology platform to commodity trading. PT Bangun Karya Perkasa Jaya (KRYA) acquired a 51% stake in electric vehicle company PT Green City Traffic, causing its share price to soar 326.92% to IDR 222 per share. The company plans to raise IDR 200-300 billion through a rights issue to expand its electric vehicle business; PT Koka Indonesia (KOKA) had a proposed acquisition of 63.5% of its shares by Ningbo Lixing Enterprise Management Co., Ltd., with its share price hitting the daily 34.31% upper limit. Experts analyze that China's "Belt and Road" initiative is driving investment in Southeast Asia, with undervalued Indonesian listed companies attracting foreign capital. Acquirers generally plan to conduct business integration and efficiency improvements. Currently, the electric vehicle sector has become an investment hotspot (KRYA targets sales of 1 million vehicles in 5 years), and traditional companies are achieving business transformation through acquisitions.