Facebook officially established its presence in Indonesia on Monday by becoming a permanent business entity, three years after opening a representative office in the country where it has 115 million users.
According to Tech in Asia, the move comes as the Indonesian government is tightening up regulations and is currently drawing up rules to determine how global technology companies can do business in the country.
Despite becoming a permanent business entity, Facebook however, declined to reveal what kind of business they were running. The license it currently has, is for a management consulting business, which is unsuitable for the company as its main source of revenue is advertising
“Our investment in Indonesia is a priority. This is a big market for us. Our users are very active here,’ said Sri Widowati, country director, Facebook Indonesia.
“We welcome every good opportunity to invest. But we cannot say specifically which type of business we are running in Indonesia.”