Indonesian brands bank on BTS, Song Joong Ki, to win on home ground
K-drama Vincenzo promotes decades-old coffee candy Kopiko back to the Indonesia market; BTS, Blackpink endorse Tokopedia
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THE largest merger in Indonesia between Tokopedia and Gojek has received strong backing from several big-name investors such as Alibaba Group, BlackRock, Facebook, Google and Temasek.
But the US$18 billion merger may have also mobilised support from two unlikely sources: the BTS Army and Blinks.
With BTS and Blackpink as brand ambassadors for the Indonesian giant Tokopedia, Southeast Asia's largest economy is looking to use the strong base of Korean-wave fans to rally support back home as part of a "glocalisation" strategy.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant