This Conglomerate Is Investing $500 Million To Build The “Alibaba Of Indonesia”

Lippo Group, a major Indonesian conglomerate, is planning to invest $500 million to build an e-commerce platform called Matahari Mall, with the avowed intent of becoming “the Alibaba of Indonesia.”

Indonesia has 74.8 million internet users, and e-commerce in Indonesia grew from $1.8 billion in 2013 to $2.6 billion in 2016, according to research firm SingPost. It is, in other words, a place to watch.

Read more at: http://www.forbes.com/sites/pascalemmanuelgobry/2015/02/25/this-conglomerate-is-investing-500-million-to-build-the-alibaba-of-Indonesia/

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