ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Technology

Grab partners with Bukalapak investor as Indonesia tech fight grows

Deal with media conglomerate Emtek highlights country's e-commerce potential

Grab and e-commerce platform Bukalapak's top shareholder are raising the stakes in Indonesia's increasingly competitive tech landscape. (Source photos by Reuters) 

JAKARTA -- Singapore-based Grab has formed a strategic partnership with Elang Mahkota Teknolog, a major Indonesian media conglomerate, in a move poised to further realign the tech landscape in the region's biggest economy.

The Indonesian company -- Emtek for short -- is the largest shareholder in Bukalapak, one of Indonesia's largest e-commerce platforms. The new tie-up means Indonesia's tech industry is now in a three-way battle between the Grab-Bukalapak alliance, Singapore-based Sea and GoTo, a company born out of the merger between two of Indonesia's largest tech companies Gojek and Tokopedia.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more