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Chinese Investment News 2024-09-16

BYD Breaks Through, Enters Top Ten in Indonesian Auto Sales

BYD, entering the top ten in the Indonesian market? Yes, that's right. In August 2024, Indonesia's auto sales reached 76,000 units. Chinese brand BYD broke through the Japanese-dominated Indonesian market, selling 2,940 new energy vehicles, ranking sixth in the Indonesian auto market. Indonesia's annual auto production is approximately 1.4 million units, of which about 70% are for domestic sales and 30% for export. In the domestic market, Japanese brands hold a 90% share, with Toyota, Daihatsu, Honda, Mitsubishi, and Suzuki occupying the top five positions. The remaining 10% is shared among Chinese, Korean, and European/American brands. Around 2017, Wuling and Dongfeng

Chinese Investment News 2024-09-15

Tokopedia Increases Merchant Service Fee by 10% Starting September 16

Starting September 16, 2024, Tokopedia will increase merchant service fees by up to 10%, applicable to Power Merchant and Power Merchant PRO sellers (depending on product category). The service fee is charged per completed order, based on a percentage that varies by subcategory of the product sold. According to Tokopedia's official announcement, Regular Merchant sellers who changed their membership status to Power Merchant before May 1, 2024, and have more than 50 orders will be charged the Power Merchant service fee.