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Business

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.

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