Q & A
Sorabel President Jeffrey Yuwono says the company has closed “some commitments” for its new round.
This marks yet another transaction in the country’s burgeoning logistics sector.
Backers include Meituan-Dianping CEO Wang Xing, Eduardo Saverin and Razer co-founder Kaling Lim.
Indonesian e-commerce platform Belipart plans to use the funding to build its team and products.
The telco giant is reportedly looking to acquire at least a 51 per cent stake in Bhinneka.com.
KTI divestment news comes in at a time when Krakatau Steel is undertaking a restructuring exercise to pay off its debts.
Telecom tower assets of Indosat Ooredoo, Centratama Telekomunikasi, among others, are currently on the block.
IPOs & Markets
The IPO is likely to be launched on IDX early next year.
The oil and gas assets under review are located in Vietnam, Bangladesh, Equatorial Guinea, Mexico, as well as Aru, West Papua, Indonesia.
Indonesia could be the second country worldwide where WhatsApp introduces such services, as it awaits regulatory approval from India.
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