NeutraDC, a brand of PT Telkom Data Ekosistem (TDE), has entered into a Memorandum of Understanding (MOU) with China Mobile International (CMI), a subsidiary of China Mobile, a global telecommunications solutions provider, to Create Opportunities in Southeast Asia’s Digital Economy.
According to Andreuw Th.A.F, CEO of NeutraDC, through this Memorandum of Understanding, they will provide Chinese companies with a comprehensive solution to enter the Southeast Asian market, along with knowledge and support to help them navigate the complexities of doing business in the region.
With over 171 million active internet users, Indonesia presents a huge potential market under the strong economic ties between China and Indonesia.
Indonesia is the largest economy in Southeast Asia, and its digital economy has been growing rapidly, with a compound annual growth rate (CAGR) of 25% between 2015 and 2019, according to a research report by Google, Temasek, and Bain & Company.
This growth has been driven by factors such as a large and young population, rising middle class, increasing smartphone penetration, and government support for the digital economy.
Chinese e-commerce giant Alibaba has invested in Indonesian e-commerce platform Tokopedia, while Tencent has invested in ride-hailing company Gojek and digital payments platform OVO. Other Chinese companies, such as Huawei and ZTE, have also been investing in Indonesia’s telecommunications infrastructure.
Moreover, the Chinese government actively promotes cooperation with Indonesia in the digital economy, through initiatives such as the China-Indonesia Industrial Park. These initiatives aim to enhance connectivity and facilitate trade and investment between China and Indonesia, including in the digital economy sector.
In line with the growing market in Indonesia, in December 2022, NeutraDC also launched a partnership with Cisco, a multinational digital communications technology conglomerate corporation, to hasten the adoption of 5G technology and digitization in Indonesia and the ASEAN region.
NeutraDC has also partnered with Indonesian energy company Medco Power and Singtel for the latter’s first data center project in Indonesia. This is the third market for Singtel as it advances its regional data center strategy to address digital infrastructure demand critical to ASEAN’s growth.