Singapore Post (SingPost) is teaming up with Indonesian mobile phone retailer Trikomsel to develop an e-commerce business in Indonesia.
SingPost and Trikomsel will form a joint venture, with the Singapore mail carrier taking a 33 percent stake for USD1.1 million and Tricomsel the remaining 67 percent.
The joint venture will import and supply goods to e-commerce and online retailers, as well as provide support for creating e-commerce platforms.
(Source: The Business Times)