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Salim Group buying Indonesia e-commerce platform as battle brews

XL Axiata's exit from sector gives conglomerate a new tool to fend off Alibaba

Salim Group, led by Anthoni Salim, has been beefing up its e-commerce operations. (Photo by Wataru Suzuki)

JAKARTA -- Indonesian conglomerate Salim Group is buying the company behind local e-commerce platform elevenia, as it gears up to take on powerful international players like Alibaba Group Holding.

Two group affiliates are acquiring XL Planet -- a 50-50 joint venture between XL Axiata, the Indonesian unit of Malaysian telecommunications company Axiata Group, and South Korea's SK Planet. XL Axiata announced the deal on Thursday without disclosing the purchase price.

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