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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.

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