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09-03-2015, 11:07 AM
With a non-controlling stake, SingPost objective is to complete its offering to companies interested on e-commerce market in Indonesia. E-commerce is a "hot" sector in Indonesia now, with great potential...
(not vested)
SingPost forms JV to tap e-commerce market in Indonesia
SINGAPORE (March 9): Singapore Post ( Financial Dashboard) has formed a joint venture with PT Trikomsel Oke Tbk, which sells mobile phones in Indonesia, to tap the e-commerce market in Southeast Asia's biggest economy.
The postal group will own 33% of the new entity, while PT Trikomsel will own the rest, both companies said in a joint statement today.
SingPost's initial investment in the joint venture is US$1.1 million ($1.5 million).
"The partnership’s strategic objective is to become the preferred go-to-market partner for brands and merchants looking to enter the growing Indonesian e-commerce market," they said.
It will do so by providing "turn-key omni-channel e-commerce and logistics solutions" that can be customized for leading global companies and established brands in Indonesia.
...
http://www.theedgemarkets.com/sg/article...-indonesia
(not vested)
SingPost forms JV to tap e-commerce market in Indonesia
SINGAPORE (March 9): Singapore Post ( Financial Dashboard) has formed a joint venture with PT Trikomsel Oke Tbk, which sells mobile phones in Indonesia, to tap the e-commerce market in Southeast Asia's biggest economy.
The postal group will own 33% of the new entity, while PT Trikomsel will own the rest, both companies said in a joint statement today.
SingPost's initial investment in the joint venture is US$1.1 million ($1.5 million).
"The partnership’s strategic objective is to become the preferred go-to-market partner for brands and merchants looking to enter the growing Indonesian e-commerce market," they said.
It will do so by providing "turn-key omni-channel e-commerce and logistics solutions" that can be customized for leading global companies and established brands in Indonesia.
...
http://www.theedgemarkets.com/sg/article...-indonesia
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