Alibaba to invest over $100m in Indonesia-listed Smartfren Telecom

Chinese tech major facing intense regulatory scrutiny at home

20220726 Alibaba/Indonesia

Chinese technology giant Alibaba is increasingly turning to Indonesia. © Reuters

GITA ROSSIANA, AASTHA MAHESHWARI, TABITA DIELA, DealStreetAsia

Chinese technology giant Alibaba is set to invest in Indonesia-listed telecommunications operator PT Smartfren Telecom, part of the Sinar Mas Group, in a deal that could be worth over $100 million, sources told DealStreetAsia.

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