1. Startups

Lippo Group Prepares to Disburse 2 Trillion Rupiah for Digital Business Development

The Lippo Group seems to be starting to show its seriousness in developing digital technology. Previously, investment company Lippo Digital Ventures took part in investation At GiftCard Indonesia, the Lippo Group is currently preparing around 2 trillion Rupiah to strengthen their business in the digital technology sector.

Quoted from NewsOne, Lippo Group CEO James Tjahaja Riady revealed that in the future the Lippo Group will focus on three aspects of digitalization such as wirelesscloud computing, and social media. Social media development itself will focus on services E-commerce and e-payments. "In the future, all of our company's business will be directed there. We will invest trillions in this field," he said.

For development e-commerce, Lippo Group is planning to do e-commerce soft launch those who are the result of collaboration with PT. Multipolar Technology Tbk next March with investment j estimated at 5 trillion Rupiah. The name of this partner company is PT Mitra eCommerce Global, although we don't know yet brand e-commerce services to be used.

 E-commerce This is in line with the Lippo Group's business focus on services retailing and will target retail consumers later. Lippo Group itself will not be business-oriented hardware and software.

James said, "The current government is still talking about IT and telecommunications even though the global industry has far surpassed this stage. Global investors continue to look for good companies and have good corporate governance, it is advantageous for us considering partners investor we prioritize from corporate di global market."

James also sees that the investment climate this year is very conducive to supporting the expansion of the group of companies in the digitalization industry. He thinks a lot investor foreign and corporate in the global market that gave a positive response to Indonesia. However, James also asked the government to work harder and be consistent with the investment policies that have been taken so far.

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