Ron Burgundy Posted March 19, 2015 Share Posted March 19, 2015 By Eveline Danubrata and Charlotte Greenfield JAKARTA (Reuters) - Indonesian conglomerate Lippo Group plans to launch payment, chat and other online services early next year as it continues expanding in the nascent e-commerce industry of the world's fourth-most populous country, a senior executive told Reuters. Lippo has already earmarked $500 million for a new online department store, and investment in services planned for the first quarter of 2016 will be on top of that, director John Riady said in an interview late on Wednesday. Indonesia has one of Asia's biggest untapped e-commerce markets which is only recently drawing major investors in search of the next Alibaba Group Holding Ltd. Japan's SoftBank Corp late last year led a $100 million investment in Indonesian online marketplace Tokopedia. View the full article Quote Link to comment Share on other sites More sharing options...
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