Indonesia Digest: Red Planet exits hotel operator; AirAsia bets on food delivery biz

Indonesia Digest: Red Planet exits hotel operator; AirAsia bets on food delivery biz

An electronic ticker board displays stock prices inside the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia, on Thursday, Dec. 17, 2015. Photographer: Dimas Ardian/Bloomberg

Red Planet Holdings (Indonesia) Ltd has sold its entire stake in budget hotel operator PT Red Planet Indonesia Tbk. In a separate development, AirAsia has roped in thousands of food merchants as it gears up to launch its food delivery service in the archipelago.