Indonesia: Salim-Lotte launch $100m e-commerce JV; GMF AeroAsia lists on IDX

Indonesian conglomerate Salim Group has teamed up with South Korean retail giant Lotte Group to launch iLotte, an e-commerce platform that will directly compete with the likes of Lazada, Blibli, MatahariMall, and JD.id. The companies have committed to invest $100 million in the new venture, according to media reports.