S.Korean fund to invest $50 mln in Indonesian online marketplace Bukalapak
16/01/2019 06:10
SEOUL, Jan 16 (Reuters) - A fund led by South Korea's Mirae
Asset Daewoo 006800.KS will invest $50 million in Indonesian
e-commerce startup Bukalapak, Mirae Asset said on Wednesday.
The Asia Growth Fund jointly set up by Mirae Asset and South
Korean web portal Naver Corp 035420.KS decided to invest in
the fast growing online commerce industry in the Southeast Asian
country, Mirae Asset said in a statement.
Bukalapak has China's Ant Financial and Singapore's
sovereign wealth fund GIC as major shareholders, according to
Mirae Asset.
(Reporting by Ju-min Park; Editing by Subhranshu Sahu)
((ju-min.park@thomsonreuters.com; +82 2 3704 5650; Reuters
Messaging: ju-min.park.thomsonreuters.com@reuters.net))
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