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.
Chinese tech major facing intense regulatory scrutiny at home
Chinese technology giant Alibaba is increasingly turning to Indonesia. © Reuters
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.