Google AI
The Times Australia

Times Media

Indonesian e-commerce platform "Uway" announced a new round of financing plans to create more possibilities

JAKARTA, INDONESIA - Media OutReach - 10 August 2023 - "Making life easier" is the belief of our Uway e-commerce platform.
Since entering the Indonesian market, Uway has been committed to transforming and shaping the Indonesian e-commerce ecosystem by optimizing the supply chain, supporting entrepreneurs, investing in logistics systems, and increasing promotional efforts. Today, Uway is honored to announce a $500 million financing. This is not just a financial support, but also a recognition of Uway.

Uway's goal is to create a fully optimized supply chain that allows every consumer to get the goods they need in the most convenient way possible. To achieve this goal, Uway will utilize this new round of financing to enhance Uway's supply chain technology so that Uway's platform can configure and supply demand faster and more accurately, while providing better forecasting and inventory management.

Meanwhile, outstanding merchants are an important part of the e-commerce ecosystem. Uway will set up a Startup Support Fund, through which Uway will provide financial support to aspiring startups and stores to help them realize their dreams and distribute e-commerce dividends.

In order to let more people know and enjoy the quality shopping experience brought by Uway, Uway will invest more resources in advertising and promotion. Uway will make the name and service of Uway known to every Indonesian through various channels.

In addition, a great e-commerce platform cannot function without an efficient logistics system. Therefore, Uway plans to invest more in its logistics system, including improving the efficiency of delivery, increasing the integrity and transparency of the flow of goods, and expanding the range of delivery services. Uway's goal is to allow consumers to enjoy Uway's fast delivery service anywhere in Indonesia.

Uway believes that high-quality shopping experience comes from attention to detail and continuous innovation. Uway hopes that through the new round of financing, it can further realize Uway's mission and create more value for Indonesian consumers and enterprises. Uway expects all partners, investors, merchants and consumers to join hands with Uway to create the future of e-commerce.

Hashtag: #Uway

The issuer is solely responsible for the content of this announcement.

Times Magazine

Still Want to Change Gears? The New Cars Keeping the Manual Alive in Australia

For decades, learning to drive meant mastering the clutch pedal, selecting the right gear and find...

SpaceX changed spaceflight. Now China is proving reusable rockets are the new battleground.

When SpaceX first landed a Falcon 9 booster vertically on a floating drone ship, many experts desc...

Hybrid, Plug-in Hybrid or Electric? Understanding the Differences

Buying a new car has become more complicated than choosing between petrol and diesel. Today's buye...

Technology

SpaceX changed spaceflight. Now Chi…

When SpaceX first landed a Falcon 9 booster vertically on a floating drone ship, many experts desc...

Local News

Fremantle Ports to trial project to…

Fremantle Ports has partnered with Byssal and DevelopmentWA to trial an innovative nature-based pilo...

Culture

Healthy Eating: What Does a Science-Based Die…

After years of changing food trends—from low-fat to low-carbohydrate, detoxes and "superfoods"—it ...

Travel

Santorini: Is Greece's Most Famous Islan…

Whitewashed villages perched on volcanic cliffs. Blue-domed churches overlooking the Aegean Sea. S...

The Times Features

Immigration Numbers Are a Policy Debate, Not a Race Deb…

Immigration has long helped shape modern Australia. New arrivals have contributed to the nation's...

One Nation at 29: Protest Party or Permanent Political …

Twenty-nine years ago, when Pauline Hanson's One Nation was officially formed in 1997, many politi...

IKEA: More Than Furniture—A Complete Design System for …

For many Australians, IKEA is simply a place to buy affordable furniture. Look more closely, howe...