This has encouraged major multinationals to increase their presence in the region. As such, Batam has attracted many electronic industry giants including Sanyo, Panasonic, Siemens, Philips and Sony to set up business in the region. With the lure of a strong foundation of tech-driven consumers in nearby Singapore and China have been an incentive for setting up manufacturing operations in Batam, electronic goods producers now also profit from the rising purchasing power of Indonesian consumers. As a growing free trade zone, which still seeks major developments in the future, Batam has begun to increase its infrastructure development. 3. Construction Sector in Batam To expect a successful FTZ to be competitive with other countries like Singapore or Malaysia, Batam will need to focus on its infrastructure development to support its growing status as an FTZ. Foreign companies should also seek to lend their expertise in constructing large-scale infrastructure projects to address the prevailing issues within Indonesia's special economic zones.
9% from last year, food delivery saw a more than 65% uptick, as an increasing number of people ordered meals to their homes. And Meituan also said that the number of newly-onboard branded merchants increased by more than 110% on-year in the second quarter. "The pandemic has accelerated the restaurants' online migration, increasing the mix of high-quality merchants on our platform during the period, " Meituan said in a press release. Meanwhile, Alibaba reported revenue of 153. 75 billion yuan for the April to June quarter, a 34% year-on-year rise. That growth rate was higher than the one recorded in the first quarter of the year. And like Meituan, Alibaba's on-demand delivery service, also saw some improving numbers. " food delivery GMV (gross merchandise value) growth turned positive in April and improved during the quarter as lockdown measures for the pandemic in China were lifted, " Alibaba said in its June quarter earnings release last week., Alibaba's rival, also posted strong earnings.