Ecosystem Roundup: Indonesia blocks Temu | WhiteCoat acquires Good Doctor | ByteDance lays off around 500 staff in Malaysia

The Indonesian government has blocked the Temu app to protect local MSMEs from unfair competition, prioritizing the sustainability of the domestic economy. This move aims to prevent foreign platforms from undercutting local businesses and threatening the livelihoods of Indonesian MSMEs. The decision reflects Indonesia’s strategy to regulate the digital marketplace and support innovation that benefits both consumers and domestic enterprises.

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