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PT Matahari Putra Prima, a multi-format modern retailer in Indonesia, which operates Hypermart, Smartclub, Foodmart, Boston and FMX, today announced that its Board of Directors has authorized an additional share purchase option of MatahariMall.com for…
After launching its Matahari Mall online shop in October, Indonesia’s Lippo Group is expanding its eCommerce activity into wholesale services. It is set to launch Mbiz.co.id next month, targetting businesses and government institutions. It digitises the…
Taxi and ride app service Grab has formed a strategic partnership with one of the Indonesia’s largest conglomerates to provide logistic services for online shopping. It has signed up with Lippo Group’s MatahariMall, launched last year at a cost of $500…
Three Indonesian eCommerce platforms are about to be launched – by Astra Graphia, CT Corp and a joint venture formed by the Salim and Lotte Groups. This comes after forays into eCommerce in the past 12 months by such Indonesian conglomerates Lippo Group…
When asked for his views on the issue, Hadi Wenas, the chief executive officer of MatahariMall.com, told reporters on Wednesday (10/02): “We are very optimistic. It will be business as usual for us, we are not afraid, not shocked or confused.” For foreigners,…
Indonesia public listed retail company PT Matahari Department Store Tbk (LPPF) has increased its ownership in PT Global Ecommerce Indonesia (GEI), which indirectly owns stake in e-commerce player MatahariMall.com. GEI is the controlling shareholder of PT…
Pos Indonesia will also install MatahariMall.com “eLockers,” allowing customers to physically pick up their items purchased online from lockers located in ten post offices in the Greater Jakarta area and Bandung. Using these services, online shoppers can also…
Since its soft-launch earlier this year, MatahariMall has garnered nearly 200,000 customers with 200,000 different products in its inventory offered by some 1,200 vendors, according to Hadi. It has also set up a 10,000-square-meter warehouse located near…
MatahariMall, which is planned to be launched next September, is eyeing 20 per cent of the e-commerce market in Indonesia by 2020. That year, the total market volume is projected to reach US$20-30 billion, compared to US$1.3 billion currently. It was told by…
Lippo Group’s new e-commerce unit MatahariMall is embarking on an ambitious expansion plan, aiming for a 20 percent market share of Indonesia’s web-based retail sector by 2020, its chairman said on Wednesday. MatahariMall.com chairman Emirsyah Satar said the…
Lippo Group, one of Indonesia’s largest business conglomerates, has appointed seasoned technology entrepreneur Hadi Wenas to head its online venture MatahariMall, highlighting its commitment to tap into the growing e-commerce industry. Educated in the US’s…
Indonesian industrial conglomerate Lippo Group is to invest US$500 million creating “the Alibaba of Indonesia”. The Indonesian mall will bear the Matahari department store brand name, MatahariMall replicating and expanding the nation’s largest department…
