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.
