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Analysts said China and Indonesia are highly complementary and with many Chinese descendants in Indonesia, it is relatively easy for Chinese enterprises to invest in the country.

Angle said the revenue of the company amounted to .2 billion last year across the globe, with the high-end products accounting for 60 percent of its total revenue in the first quarter of this year. It has sold more than 30 million household robotic products to date.

Analysts note that while US tourism picked up considerably following the thaw in bilateral ties under former US President Barack Obama, the trend may not hold as the administration of Donald Trump works to scale back the rapprochement and reimpose travel restrictions.

Analysts said the move would boost sales of premium cars in the country, but the impact on the market as a whole may be limited.

And yum cha staple Shark Fin House has announced its closure, following a dramatic dip in its patronage.