Earlier this month, DealStreetAsia had reported CPPIB's interest in acquiring a stake in LMS.
The deal is expected to be completed by mid next month.
As much as 20% of the corpus will be kept for investments in markets such as Korea, Japan and the US.
The investment comes alongside a strategic partnership agreement between the two companies
Q & A
Indonesia’s used car industry is currently seeing digital disruption from several local and regional players.
The tie-up between UNDP and 500 Startups will provide a fillip to entrepreneurship in the archipelago.
President of Traveloka Group Operations Hendrawan attributes Traveloka's success to its focus on the needs of Indonesians and Southeast Asians.
Facebook has roped in Peter Lydian Sutiono as the new country director for the Indonesia office while Gojek has appointed Ainul Yaqin as its CMO.
Indonesia’s Bank MNC International is planning to conduct a rights issue in December 2019.
Interestingly, the layoffs come barely months after Bukalapak beefed up its top management team.
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