Lippo Is Getting More Familiar With Gojek, This Is What Conglomerate Mochtar Riady's Grandson Said

Conglomerate Mochtar Riady. (Photo: Doc. Forbes)

JAKARTA - Lippo Group is getting closer to Gojek. This time, the property developer belonging to the conglomerate Mochtar Riady, PT Lippo Karawaci Tbk. (LPKR) participates in developing Gojek's digital ecosystem.

Executive Director of Lippo Group and CEO of LPKR John Riady said that Lippo and its partner Gojek are committed to working together to support, encourage and accelerate the growth of the digital economy in Indonesia, which has a bright future and its value continues to grow rapidly.

"In developing this ecosystem, Lippo Group and Gojek collaborate to unite digital technology with conventional business lines that they already have," said Mochtar Riady's grandson in an official statement, quoted Monday, January 24.

Lippo Group also invested in collaboration with Gojek and Tokopedia (GoTo). PT Application Karya Anak Bangsa, which oversees Gojek, also owns 6 percent of PT Matahari Putra Prima Tbk (MPPA). MPPA is a modern multi-format retailer owned by the Lippo Group, which manages Hypermart, Foodmart, Hyfresh, Primo, fmx, and Boston Health & Beauty outlets.

The cooperation between Lippo Group and Gojek is continued through LPKR, the parent property business of the Lippo Group, which is listed on the Indonesia Stock Exchange (IDX).

"The cooperation between the two parties is through the use of Gopay Plus in terms of payroll for LPKR employees. In the future, other collaboration opportunities may open up," John said.

John is optimistic about the future of Indonesia's digital economy whose value continues to increase. According to the e-Conomy SEA 2021 report compiled by Google, Temasek Holdings, and Bain & Co, the value of Indonesia's digital economy is predicted to reach US$70 billion in 2021.

The report also predicts Indonesia's digital economy will continue to grow to reach a value of US$330 billion by 2030, making Indonesia one of the largest digital economic centers in the world.