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Startups

Jay-Z, Serena Williams invest in Indonesian coffee chain

Kopi Kenangan plans to open more than 1,000 kiosks over next two years

Indonesian coffee consumption is expected to rise 54% in the five-year period to the end of September 2020, according to data from the U.S. Department of Agriculture.   © Reuters

JAKARTA -- Indonesian coffee chain Kopi Kenangan has raised an undisclosed amount from U.S. rapper Jay-Z and former world No. 1 tennis player Serena Williams, the company announced Monday.

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