JAKARTA -- Indonesian conglomerate Lippo Group, best known for its property and hospital businesses, is moving deeper into digital business with a 628 billion rupiah ($43.9 million) investment in Chinese internet group Tencent Holdings.
The investment comprises new Tencent shares and equity-linked notes, and is being made by a Hong Kong investment subsidiary of the company, Lippo said in a statement published in the Jakarta Globe, a publication owned by the group.
