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Indonesia’s Salim Group is planning a major foray into e-commerce this year in partnership with South Korea’s Lotte. Indo Lotte Makmur, a 50-50 JV by the two conglomerates, will launch the iLotte online shopping platform as soon as July, putting US$88 million…
Is Zalora Indonesia for sale? Fresh after selling off a chunk of the Philippines business, Rocket denies further Asian withdrawal. Last week, Ayala announced it will buy 43.3 per cent ownership in Zalora manager BF Jade E-Service Philippines for an…
Matahari Department Stores (MDS) has increased its ownership in Global eCommerce Indonesia (GEI), the parent company of Indonesian eCommerce startup MatahariMall.com. MDS has paid Rp164.9 billion (US$12.2 million) for 7.3 billion shares, or 3.62 per cent of…
Matahari Putra Prima (MPPA) has doubled its stake in online Indonesian retailer MatahariMall.com. The multi-format retailer, which operates Hypermart, Smartclub, Foodmart, Boston and FMX chains, says it has [aid cash for an additional 5 per cent share in the…
Lippo Group, one among Indonesia’s largest enterprise conglomerates, has appointed Rudy Ramawy, former nation director for Google Indonesia, as vice chairman of its e-commerce unit MatahariMall.com. Rudy served as director of Google Indonesia from January…
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