Ride-hailing and payments decacorn Gojek has invested in the retail business of the Jakarta-based conglomerate Lippo Group, according to a disclosure to the Indonesia Stock Exchange (IDX).
The documents show that Gojek, through PT Pradipa Darpa Bangsa, bought 4.76% of PT Matahari Putra Prima Tbk (MPPA), worth 144.85 billion rupiah ($10.2 million), from its parent company PT Multipolar Tbk.