Lippo, Itochu Explore Expanding Cooperation in Asia
James Riady, the chief executive officer of Lippo Group, one of Indonesia’s largest property conglomerates, met with Itochu chairman and chief executive Masahiro Okafuji in Tokyo on Monday to discuss ways to boost the companies’ cooperation in the regional healthcare sector.
Lippo and Itochu are strategic joint venture partners in Lippo’s Healthcare operations outside Indonesia, covering 106 medical clinics serving 1.4 million Singaporeans, a hospital in China and 12 elderly medical facilities in Japan.
The two business leaders discussed how to intensify their joint healthcare exposure across Asia and Indonesia, according to a statement from Lippo Group.
Itochu is one of Japan’s largest and most profitable “sogo shosha” general trading groups with global operations and over $43 billion annual revenue in 2017 fiscal year.
Lippo is Indonesia’s leading integrated services groups with operations in nine countries, including in Singapore, Hong Kong, China and the United States.
Lippo’s 115,000 staff and employees serve over sixty million customers in various asset categories, including department stores, hypermarkets, malls, housing developments, hospitals, broadband and internet, technology and digital services, media, hotels, banking and financial services and township developments.