Indonesia's Emtek group invests $375 mln in Grab's Indonesian unit

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Indonesia's Emtek group invests $375 mln in Grab's Indonesian unit

Reuters2021-07-26

SINGAPORE, July 26 (Reuters) - Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) is investing $375 million in ride-hailing and payment firm Grab's Indonesia unit, the companies said in a statement on Monday, in what they described as a "strategic alliance."

The deal is the latest tie-up between Singapore-headquartered Grab, the region's biggest ride-hailing and food delivery firm, and Southeast Asian conglomerates, including a strategic investment by Thailand's Central Group in 2019.

The Indonesian conglomerate holds stakes in media companies as well as a controlling stake in e-wallet DANA and a stake in e-commerce site Bukalapak.

Two sources told Reuters that the deal is in part intended to lead to a shake-up in the digital payments sector and help Grab increase its stake in e-wallet OVO.

Reuters reported in 2019, citing sources, that OVO and DANA were in talks to merge.

Grab, OVO, DANA, and Emtek did not immediately answer requests for comment.

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Comment（4）

AntonyGeorge
·2021-08-28
Good
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1
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lexxselrahc
·2021-08-25
Would this contribute more to their listing in Sgp or US?
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roaringlion
·2021-07-26
Oo
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2020TS
·2021-07-26
Indon future Big market
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5
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- SereneGarlic:
  yes
  2021-07-26
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- gl8089:
  nice
  2021-07-26
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- Kangaroo2021:
  It will be a $60 stock by early Q3’21
  2021-07-27
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Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) is investing $375 million in ride-hailing and payment firm Grab's Indonesia unit, the companies said in a statement on Monday, in what they described as a \"strategic alliance.\"</p>\n<p>The deal is the latest tie-up between Singapore-headquartered Grab, the region's biggest ride-hailing and food delivery firm, and Southeast Asian conglomerates, including a strategic investment by Thailand's Central Group in 2019.</p>\n<p>The Indonesian conglomerate holds stakes in media companies as well as a controlling stake in e-wallet DANA and a stake in e-commerce site Bukalapak.</p>\n<p>Two sources told Reuters that the deal is in part intended to lead to a shake-up in the digital payments sector and help Grab increase its stake in e-wallet OVO.</p>\n<p>Reuters reported in 2019, citing sources, that OVO and DANA were in talks to merge.</p>\n<p>Grab, OVO, DANA, and Emtek did not immediately answer requests for comment.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154560399","content_text":"SINGAPORE, July 26 (Reuters) - Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) is investing $375 million in ride-hailing and payment firm Grab's Indonesia unit, the companies said in a statement on Monday, in what they described as a \"strategic alliance.\"\nThe deal is the latest tie-up between Singapore-headquartered Grab, the region's biggest ride-hailing and food delivery firm, and Southeast Asian conglomerates, including a strategic investment by Thailand's Central Group in 2019.\nThe Indonesian conglomerate holds stakes in media companies as well as a controlling stake in e-wallet DANA and a stake in e-commerce site Bukalapak.\nTwo sources told Reuters that the deal is in part intended to lead to a shake-up in the digital payments sector and help Grab increase its stake in e-wallet OVO.\nReuters reported in 2019, citing sources, that OVO and DANA were in talks to merge.\nGrab, OVO, DANA, and Emtek did not immediately answer requests for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":837607219,"gmtCreate":1629880280731,"gmtModify":1676530160596,"author":{"id":"3578739448923997","authorId":"3578739448923997","name":"lexxselrahc","avatar":"https://static.tigerbbs.com/20a54ceed78bc452d36ac799295862ce","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3578739448923997","authorIdStr":"3578739448923997"},"htmlText":"Would this contribute more to their listing in Sgp or US?&nbsp;","listText":"Would this contribute more to their listing in Sgp or US?&nbsp;","text":"Would this contribute more to their listing in Sgp or US?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/837607219","repostId":2154560399,"repostType":2,"repost":{"id":"2154560399","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1627291614,"share":"https://ttm.financial/m/news/2154560399?lang=&edition=fundamental","pubTime":"2021-07-26 17:26","market":"sg","language":"en","title":"Indonesia's Emtek group invests $375 mln in Grab's Indonesian unit","url":"https://stock-news.laohu8.com/highlight/detail?id=2154560399","media":"Reuters","summary":"SINGAPORE, July 26 (Reuters) - Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) is inve","content":"<p>SINGAPORE, July 26 (Reuters) - Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) is investing $375 million in ride-hailing and payment firm Grab's Indonesia unit, the companies said in a statement on Monday, in what they described as a \"strategic alliance.\"</p>\n<p>The deal is the latest tie-up between Singapore-headquartered Grab, the region's biggest ride-hailing and food delivery firm, and Southeast Asian conglomerates, including a strategic investment by Thailand's Central Group in 2019.</p>\n<p>The Indonesian conglomerate holds stakes in media companies as well as a controlling stake in e-wallet DANA and a stake in e-commerce site Bukalapak.</p>\n<p>Two sources told Reuters that the deal is in part intended to lead to a shake-up in the digital payments sector and help Grab increase its stake in e-wallet OVO.</p>\n<p>Reuters reported in 2019, citing sources, that OVO and DANA were in talks to merge.</p>\n<p>Grab, OVO, DANA, and Emtek did not immediately answer requests for comment.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Indonesia's Emtek group invests $375 mln in Grab's Indonesian unit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIndonesia's Emtek group invests $375 mln in Grab's Indonesian unit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-26 17:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SINGAPORE, July 26 (Reuters) - Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) is investing $375 million in ride-hailing and payment firm Grab's Indonesia unit, the companies said in a statement on Monday, in what they described as a \"strategic alliance.\"</p>\n<p>The deal is the latest tie-up between Singapore-headquartered Grab, the region's biggest ride-hailing and food delivery firm, and Southeast Asian conglomerates, including a strategic investment by Thailand's Central Group in 2019.</p>\n<p>The Indonesian conglomerate holds stakes in media companies as well as a controlling stake in e-wallet DANA and a stake in e-commerce site Bukalapak.</p>\n<p>Two sources told Reuters that the deal is in part intended to lead to a shake-up in the digital payments sector and help Grab increase its stake in e-wallet OVO.</p>\n<p>Reuters reported in 2019, citing sources, that OVO and DANA were in talks to merge.</p>\n<p>Grab, OVO, DANA, and Emtek did not immediately answer requests for comment.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154560399","content_text":"SINGAPORE, July 26 (Reuters) - Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) is investing $375 million in ride-hailing and payment firm Grab's Indonesia unit, the companies said in a statement on Monday, in what they described as a \"strategic alliance.\"\nThe deal is the latest tie-up between Singapore-headquartered Grab, the region's biggest ride-hailing and food delivery firm, and Southeast Asian conglomerates, including a strategic investment by Thailand's Central Group in 2019.\nThe Indonesian conglomerate holds stakes in media companies as well as a controlling stake in e-wallet DANA and a stake in e-commerce site Bukalapak.\nTwo sources told Reuters that the deal is in part intended to lead to a shake-up in the digital payments sector and help Grab increase its stake in e-wallet OVO.\nReuters reported in 2019, citing sources, that OVO and DANA were in talks to merge.\nGrab, OVO, DANA, and Emtek did not immediately answer requests for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":800649309,"gmtCreate":1627300992901,"gmtModify":1703487087783,"author":{"id":"3579156843305069","authorId":"3579156843305069","name":"roaringlion","avatar":"https://static.tigerbbs.com/c26db20564bd7a68a6aec3cbf973dc88","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579156843305069","authorIdStr":"3579156843305069"},"htmlText":"Oo","listText":"Oo","text":"Oo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/800649309","repostId":2154560399,"repostType":4,"repost":{"id":"2154560399","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1627291614,"share":"https://ttm.financial/m/news/2154560399?lang=&edition=fundamental","pubTime":"2021-07-26 17:26","market":"sg","language":"en","title":"Indonesia's Emtek group invests $375 mln in Grab's Indonesian unit","url":"https://stock-news.laohu8.com/highlight/detail?id=2154560399","media":"Reuters","summary":"SINGAPORE, July 26 (Reuters) - Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) is inve","content":"<p>SINGAPORE, July 26 (Reuters) - Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) is investing $375 million in ride-hailing and payment firm Grab's Indonesia unit, the companies said in a statement on Monday, in what they described as a \"strategic alliance.\"</p>\n<p>The deal is the latest tie-up between Singapore-headquartered Grab, the region's biggest ride-hailing and food delivery firm, and Southeast Asian conglomerates, including a strategic investment by Thailand's Central Group in 2019.</p>\n<p>The Indonesian conglomerate holds stakes in media companies as well as a controlling stake in e-wallet DANA and a stake in e-commerce site Bukalapak.</p>\n<p>Two sources told Reuters that the deal is in part intended to lead to a shake-up in the digital payments sector and help Grab increase its stake in e-wallet OVO.</p>\n<p>Reuters reported in 2019, citing sources, that OVO and DANA were in talks to merge.</p>\n<p>Grab, OVO, DANA, and Emtek did not immediately answer requests for comment.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Indonesia's Emtek group invests $375 mln in Grab's Indonesian unit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIndonesia's Emtek group invests $375 mln in Grab's Indonesian unit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-26 17:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SINGAPORE, July 26 (Reuters) - Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) is investing $375 million in ride-hailing and payment firm Grab's Indonesia unit, the companies said in a statement on Monday, in what they described as a \"strategic alliance.\"</p>\n<p>The deal is the latest tie-up between Singapore-headquartered Grab, the region's biggest ride-hailing and food delivery firm, and Southeast Asian conglomerates, including a strategic investment by Thailand's Central Group in 2019.</p>\n<p>The Indonesian conglomerate holds stakes in media companies as well as a controlling stake in e-wallet DANA and a stake in e-commerce site Bukalapak.</p>\n<p>Two sources told Reuters that the deal is in part intended to lead to a shake-up in the digital payments sector and help Grab increase its stake in e-wallet OVO.</p>\n<p>Reuters reported in 2019, citing sources, that OVO and DANA were in talks to merge.</p>\n<p>Grab, OVO, DANA, and Emtek did not immediately answer requests for comment.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154560399","content_text":"SINGAPORE, July 26 (Reuters) - Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) is investing $375 million in ride-hailing and payment firm Grab's Indonesia unit, the companies said in a statement on Monday, in what they described as a \"strategic alliance.\"\nThe deal is the latest tie-up between Singapore-headquartered Grab, the region's biggest ride-hailing and food delivery firm, and Southeast Asian conglomerates, including a strategic investment by Thailand's Central Group in 2019.\nThe Indonesian conglomerate holds stakes in media companies as well as a controlling stake in e-wallet DANA and a stake in e-commerce site Bukalapak.\nTwo sources told Reuters that the deal is in part intended to lead to a shake-up in the digital payments sector and help Grab increase its stake in e-wallet OVO.\nReuters reported in 2019, citing sources, that OVO and DANA were in talks to merge.\nGrab, OVO, DANA, and Emtek did not immediately answer requests for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":800698379,"gmtCreate":1627295855591,"gmtModify":1703486990021,"author":{"id":"3568580098685907","authorId":"3568580098685907","name":"2020TS","avatar":"https://community-static.tradeup.com/news/11248151fdcb83034da72e0a80b4d0ae","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3568580098685907","authorIdStr":"3568580098685907"},"htmlText":"Indon future Big market","listText":"Indon future Big market","text":"Indon future Big market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/800698379","repostId":2154560399,"repostType":4,"repost":{"id":"2154560399","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1627291614,"share":"https://ttm.financial/m/news/2154560399?lang=&edition=fundamental","pubTime":"2021-07-26 17:26","market":"sg","language":"en","title":"Indonesia's Emtek group invests $375 mln in Grab's Indonesian unit","url":"https://stock-news.laohu8.com/highlight/detail?id=2154560399","media":"Reuters","summary":"SINGAPORE, July 26 (Reuters) - Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) is inve","content":"<p>SINGAPORE, July 26 (Reuters) - Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) is investing $375 million in ride-hailing and payment firm Grab's Indonesia unit, the companies said in a statement on Monday, in what they described as a \"strategic alliance.\"</p>\n<p>The deal is the latest tie-up between Singapore-headquartered Grab, the region's biggest ride-hailing and food delivery firm, and Southeast Asian conglomerates, including a strategic investment by Thailand's Central Group in 2019.</p>\n<p>The Indonesian conglomerate holds stakes in media companies as well as a controlling stake in e-wallet DANA and a stake in e-commerce site Bukalapak.</p>\n<p>Two sources told Reuters that the deal is in part intended to lead to a shake-up in the digital payments sector and help Grab increase its stake in e-wallet OVO.</p>\n<p>Reuters reported in 2019, citing sources, that OVO and DANA were in talks to merge.</p>\n<p>Grab, OVO, DANA, and Emtek did not immediately answer requests for comment.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Indonesia's Emtek group invests $375 mln in Grab's Indonesian unit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIndonesia's Emtek group invests $375 mln in Grab's Indonesian unit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-26 17:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SINGAPORE, July 26 (Reuters) - Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) is investing $375 million in ride-hailing and payment firm Grab's Indonesia unit, the companies said in a statement on Monday, in what they described as a \"strategic alliance.\"</p>\n<p>The deal is the latest tie-up between Singapore-headquartered Grab, the region's biggest ride-hailing and food delivery firm, and Southeast Asian conglomerates, including a strategic investment by Thailand's Central Group in 2019.</p>\n<p>The Indonesian conglomerate holds stakes in media companies as well as a controlling stake in e-wallet DANA and a stake in e-commerce site Bukalapak.</p>\n<p>Two sources told Reuters that the deal is in part intended to lead to a shake-up in the digital payments sector and help Grab increase its stake in e-wallet OVO.</p>\n<p>Reuters reported in 2019, citing sources, that OVO and DANA were in talks to merge.</p>\n<p>Grab, OVO, DANA, and Emtek did not immediately answer requests for comment.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154560399","content_text":"SINGAPORE, July 26 (Reuters) - Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) is investing $375 million in ride-hailing and payment firm Grab's Indonesia unit, the companies said in a statement on Monday, in what they described as a \"strategic alliance.\"\nThe deal is the latest tie-up between Singapore-headquartered Grab, the region's biggest ride-hailing and food delivery firm, and Southeast Asian conglomerates, including a strategic investment by Thailand's Central Group in 2019.\nThe Indonesian conglomerate holds stakes in media companies as well as a controlling stake in e-wallet DANA and a stake in e-commerce site Bukalapak.\nTwo sources told Reuters that the deal is in part intended to lead to a shake-up in the digital payments sector and help Grab increase its stake in e-wallet OVO.\nReuters reported in 2019, citing sources, that OVO and DANA were in talks to merge.\nGrab, OVO, DANA, and Emtek did not immediately answer requests for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5333897,"gmtCreate":1627297529723,"gmtModify":1663231510844,"authorId":3586510568942143,"author":{"id":3586510568942143,"idStr":"3586510568942143","authorId":3586510568942143,"name":"SereneGarlic","avatar":"https://static.tigerbbs.com/9742b2bb77a82f622319dad01ec3457f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":800698379,"type":1,"supId":5333862,"prevId":0,"content":"yes","text":"yes","html":"yes"},{"id":5333862,"gmtCreate":1627297351784,"gmtModify":1663231508557,"authorId":3564973527542193,"author":{"id":3564973527542193,"idStr":"3564973527542193","authorId":3564973527542193,"name":"gl8089","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":800698379,"type":1,"supId":0,"prevId":0,"content":"<u>nice</u>","text":"<u>nice</u>","html":"<u>nice</u>"},{"id":5337745,"gmtCreate":1627316984580,"gmtModify":1635220924819,"authorId":3581410658404472,"author":{"id":3581410658404472,"idStr":"3581410658404472","authorId":3581410658404472,"name":"Kangaroo2021","avatar":"https://static.tigerbbs.com/6b4af25905cb13f056c0dea7338d0381","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":800698379,"type":1,"supId":0,"prevId":0,"content":"It will be a $60 stock by early Q3’21","text":"It will be a $60 stock by early Q3’21","html":"It will be a $60 stock by early Q3’21"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":48,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}