Retail in Asia

In Shops

MatahariMall gears up for funding round, Lippo Group’s e-commerce arm, has appointed Credit Suisse and Bank of America Merrill Lynch to lead its first round of financing worth USD200 million, a move that could help the conglomerate dominate the growing domestic online retail industry.

Rothschild was also appointed to serve as financial advisor to the Lippo Group in the deal, which could crown the most valuable e-commerce company in Indonesia.

"We have received active interest from investors. Over the past few months we have made good progress and now is the right time to explore this," John Riady of the Lippo Group said on Monday.

(Source: Jakarta Globe )