Indonesia Digest: Lamudi acquires OLX unit; BLDX launches blockchain digital art

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Lamudi has acquired OLX Indonesia’s real estate business for an undisclosed amount while BLDX has launched its blockchain digital art.

Lamudi acquires OLX Indonesia’s real estate business

The local arm of property portal Lamudi has acquired the real estate business of OLX Indonesia for an undisclosed amount in a move that will propel the company’s business in the country, a statement said on Tuesday.

Combined with OLX Indonesia’s real estate business, Lamudi Indonesia has 4.5 million monthly unique visits that generate 2 million inquiries. The combined portal will receive 600,000 new property listings a month, the statement said.

OLX Group Indonesia CEO Johnny Widodo said the interface and operations will remain unchanged.

“This acquisition is only part of the investment commitment we are making to execute our vision for Indonesia,” EMPG CEO Imran Ali Khan said.

Property listing platform EMPG acquired Lamudi Global in 2020, seven years after it was founded by Berlin-based Rocket Internet. Launched in Indonesia in 2014, the service is also available in the Philippines and Mexico.

BLDX launches blockchain digital art

Indonesia’s digital content and entertainment business PT Bumilangit Digital Mediatama (BLDX) has launched its blockchain digital art, or non-fungible token (NFTs).

BLDX is a joint venture company of PT Digital Mediatama Maxima Tbk (DMMX), part of MCAS Group and PT Bumilangit Entertainment (Bumilangit). Indonesian last-mile company SiCepat Ekspres holds 6.19% in DMMX.

The NFT features superheroes from Indonesian comics and movies – Gundala and Sri Asih – as their first characters. 

The company will launch a total of 356 tokens of classic Gundala and 381 tokens of classic Sri Asih, which will be released gradually. The company will further launch other NFTs, tapping into Bumilangit’s vast character library.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.