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Entity Type: Domestic Company

Djarum Group

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Djarum Group is a family-owned Indonesian conglomerate company founded in 1951, when Oei Wie Gwan (黃惠源) acquired a nearly defunct cigarette manufacturer in Kudus, Central Java. The company is now controlled by brothers Robert Budi Hartono and Michael Bambang Hartono, and produces tobacco products, having also diversified into banking, technology, and media. In December 2024, Djarum’s venture capital arm, GDP Venture, acquired news platform Kumparan for 60 million dollars, consolidating control after earlier investments.

HTC Corporation

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HTC Corporation is a Taoyuan-based company that specializes in consumer electronics. It was founded in 1997 and initially focused on manufacturing laptop computers as an original design manufacturer and provider. It later shifted its focus to smartphones and gained popularity for its HTC One series of mobile devices.

Bashundhara Group LTD

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Bashundhara Group is a Bangladeshi conglomerate founded in 1987 by Ahmed Akbar Sobhan as East West Property Development Ltd. Originally focused on real estate development in Dhaka, the company expanded into manufacturing, cement production, paper mills, and steel during the 1990s. The group reports in the “About Us” section of its website that it operates more than 50 businesses across sectors including LPG distribution and food processing. Its media business centers on the subsidiary East West Media Group. With more than 700,000 employees according to its corporate profile, Bashundhara is one of Bangladesh’s largest private enterprises.

Guangdong Xiexun Technology Co. Ltd.

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Guangdong Xiexun Technology Co. Ltd. was established in 2017 with a registered capital of 10 million yuan. The company describes itself as focused on “internet product development for Southeast Asian countries,” and claims to customize internet products based on “changing market demands” in Southeast Asia. It is unclear whether the company has any connections to official government entities in the PRC, though its TNAOT Cambodian news app largely features content from Chinese state-run media, including the People’s Daily, and strongly promotes the Belt and Road Initiative.

Jiangxi Liu’s Industry Co. Ltd.

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Jiangxi Liu Industry Co., Ltd., formerly located in Nanchang’s Honggutan New District, was a private company that has now been deregistered. According to its 2022 annual report, published in June 2023, the company reported no employee social insurance registrations and chose not to disclose its financial information. The company’s registration number was 91360125074279761H, and it had not transferred any shares or made investments in other companies during the reporting period. Jiangxi Liu Industry Co., Ltd. is mentioned online as being connected to the Argentina Chinese Network, based in Buenos Aires.