(Jakarta) Indonesian Chinese Entrepreneur Association Secretary-General Zhou Weiliang, Vice Chairman Lin Songshi, and Youth Department members Huang Enyi and Liu Kebin welcomed a delegation led by Xu Jiaqi, General Manager of Kingdee Software Group's Guangdong Branch, and Liu Zhongwen, Vice President and General Manager of Kingdee's R&D Center, at the Indonesian Chinese Entrepreneur Association's headquarters at 2:30 PM on Tuesday, August 26, 2025.
Zhou Weiliang, Secretary-General of Indonesian Chinese Entrepreneur Association, stated that Indonesia, as the world's fourth most populous country, boasts a population exceeding 280 million, with nearly 70% of its population being of working age. Indonesia's economy is projected to reach US$1.5 trillion in 2024, accounting for 40% of ASEAN's total GDP. Entering the second quarter of 2025, Indonesia's economy is expected to maintain steady growth, with GDP growth expected to reach 5.2%, exceeding the regional average. Indonesia also boasts abundant natural resources, including the world's largest nickel reserves, Southeast Asia's most comprehensive agricultural industry chain, and a vast maritime economic zone. These unique advantages lay a solid foundation for Indonesia to become a key global hub for new energy, green manufacturing, and the marine economy.
Zhou Weiliang stated that bilateral trade between India and China reached US$147.8 billion in 2024, with China remaining Indonesia's largest trading partner for 12 consecutive years. In the first half of 2025, China's total investment in Indonesia was approximately US$8.2 billion, a year-on-year increase of 6.5%. Investment is primarily focused on strategic sectors such as new energy, the digital economy, and high-end manufacturing. Forecasts indicate that by 2030, Indonesia's digital economy is expected to exceed US$210 billion, poised to become Southeast Asia's fastest-growing core engine. A growing number of Chinese companies, such as Tsingshan Holdings, Delong Group, TikTok Shop, and CATL, are entering the Indonesian market and actively seizing opportunities for future development.
Currently, Chinese companies are showing increasing enthusiasm for the Indonesian market, while Indonesian companies are also experiencing an increasing demand for digital tools. However, Indonesian SMEs still face multiple challenges in their digitalization journey. Although 98% of merchants have access to digital payment systems, they generally lack a deep understanding and proficiency in digital technologies, resulting in limited digital application effectiveness. Furthermore, network infrastructure, particularly 4G base station coverage, still needs to be improved, hindering the pace of comprehensive digital transformation. We believe that Kingdee Group's entry will inject strong momentum into the digital transformation of Indonesian businesses, helping the Indonesian economy move towards a more intelligent and efficient future.
Indonesia also boasts the largest overseas Chinese population. Chinese businesses have long been deeply rooted in the country, accumulating substantial advantages in manufacturing, trade, and finance. Indonesian Chinese Entrepreneur Association (ICEA) consistently supports the development of Chinese businesses, cultivating a new generation of entrepreneurs through its Youth Department and promoting in-depth collaboration between Chinese businesses and Chinese-funded enterprises. We believe this will be a new chapter of mutual benefit and win-win cooperation.
Zhou Weiliang noted that the Indonesian market is embracing global opportunities with an open and inclusive attitude. We sincerely welcome Kingdee Group to Indonesia, enabling it to deeply integrate China's advanced digital expertise with local Indonesian needs. The ICA will continue to serve as a bridge and provide necessary support for exchanges and cooperation between the two sides. Finally, I wish everyone a successful and fruitful trip to Indonesia!
General Manager Xu Jiaqi pointed out that from an economic development perspective, Kingdee Group has been deeply rooted in China for 32 years. We have survived in this highly competitive market and even grown to this stage today, reflecting our rich experience. Therefore, I believe that coming to Indonesia to share our experience and contribute to more Indonesian companies, associations, and groups is a truly rare opportunity and destiny.
Overall, we hope to leverage the opportunities of globalization and China's rise in emerging technologies to provide more exciting and inspiring products and services to global businesses, including the Indonesian market.
Xu Jiaqi stated that he hopes to continue to deepen our presence in Indonesia's vast and growing market, bringing our technologies and services to this vibrant market and driving greater growth for both local and Chinese companies in Indonesia.
