Jakarta, Indonesia – 21 March 2016 – Indonesian conglomerate Lippo Group and Singapore-based Grab, Southeast Asia’s leading ride-hailing app, today announced a strategic partnership in Indonesia. The partnership underlines Lippo Group’s continued focus on their online businesses, including fast-growing e-commerce site MatahariMall. Grab will offer its transport and deliveries expertise to further enhance MatahariMall’s online-to-offline experience.

Grab is the leading ride-hailing platform in Indonesia. The GrabCar business exceeded 50 per cent of the private car market share in Indonesia by end-2015 and continues to demonstrate strong growth. The GrabCar business in Indonesia grew 30 per cent last month, post Grab’s rebrand announcement in February 2016.

The GrabBike business beat all targets and exceeded 50 per cent of the motorcycle taxi market share in Indonesia this month, three quarters ahead of the initial target of end-2016. Since February 2016, the GrabBike business has grown 20 per cent week on week.

“Lippo Group has been dedicated to improving infrastructure and providing value-add services to Indonesians for over 50 years. We are proud to partner with Grab, and believe that the joining of forces of two of the leading Southeast Asian tech and Internet companies will contribute to Indonesia’s continued economic growth,” said Emisyah Satar, Executive Director, Lippo Group.

“Lippo Group and Grab are both homegrown Southeast Asian companies. Technology can be a key driver of economic growth, and we are both invested in opening the digital economy to all Indonesians,” said Anthony Tan, Group CEO and Co-Founder, Grab. “For Grab, this means using technology to help commuters navigate traffic congestion, and give drivers’ more sustainable livelihoods.”

John Riady, a Lippo Group Director added, “MatahariMall is emerging as the number one e-commerce platform in Indonesia, and Grab’s scale and growth of its businesses in Indonesia demonstrates a deep local market understanding. Our combined knowledge of the Indonesia market will help us build the most effective online-to-offline experience – to ensure that online shoppers anywhere in Indonesia can receive or collect their purchases easily.”

Ridzki Kramadibrata, Managing Director, Grab Indonesia added, “The unprecedented growth of our GrabCar and GrabBike businesses is testament of the value we bring to the community. We thank Indonesians for trusting in Grab to offer safe and convenient rides, and will continue to work with local partners like Lippo Group and the government to improve public transportation.”

About Lippo Group

Lippo Group is a pan-Asian investment holding company with investments in real estate, department stores, retailing, financial services, telecommunications, hospitality, healthcare, news media, and IT services. Over the past 60 years, it has established a model for growth, innovation and leadership in industries and new markets. Lippo’s education foundation manages 52 schools and two universities, including Indonesia’s leading private university. Lippo’s healthcare initiative manages Indonesia’s largest healthcare group, comprising 21 hospitals across the Indonesian archipelago, including Indonesia’s world-class cancer treatment hospital. Lippo is dedicated to its vision of “Growing in Stewardship, Transforming Lives”.

About Grab

Grab is Southeast Asia’s leading ride-hailing platform. We solve critical transportation challenges and make transport freedom a reality for 620 million people in Southeast Asia. Grab began as a taxi-hailing app in 2012, but has extended its product platform to include private car services (GrabCar), motorcycle taxis (GrabBike), social carpooling (GrabHitch) and last mile delivery (GrabExpress). Grab is focused on pioneering new commuting alternatives for drivers and passengers with an emphasis on speed, safety and reliability. The Company currently offers services in Singapore, Indonesia, Philippines, Malaysia, Thailand and Vietnam. For more information please visit: http://www.grab.co.