SingPost and Trikomsel announce mysterious joint ecommerce venture in Indonesia

Trikomsel, one of Indonesia’s largest mobile device retailers, and SingPost, one of Asia’s biggest logistics providers for ecommerce, announced a partnership today to take advantage of the growing opportunities of ecommerce in Indonesia.

The name – and even the exact nature – of the joint venture is still a mystery. However, the two firms are certain that they will create a company that acts as a partner for local brands and merchants in the ecommerce space. The project will combine Trikomsel’s distribution channels in Indonesia and SingPost’s expertise in logistics and ecommerce on a regional basis. In a statement, the firms say that the goal is to provide a complete ecommerce shopping experience, although they did not share any details of their plan.

Trikomsel will take a majority stake of 67 percent ownership in the joint venture and SingPost, through wholly owned subsidiaries such as SP eCommerce, will take the remaining 33 percent. Similar to aCommerce, SP eCommerce provides a variety of solutions for ecommerce businesses including the use of technology, operations management, warehousing, delivery, payment and parcel collection, digital marketing, and post-sales support.

See: SingPost puts $145M into developing eCommerce Logistics Hub

“With the expertise, technology, and powerful resources owned by both parties, we are optimistic that this cooperation will be able to meet expectations and provide innovative services to our customers throughout Indonesia,” says Sugiono Wiyono, president director at Trikomsel.

SingPost Group CEO Wolfgang Baier, says that he too is optimistic, as Indonesia is soon expected to become the world’s third-largest consuming nation.

“As a regional company that encourages the growth of ecommerce, it is important for us to find a good business partner in emerging markets,” says Baier. “Trikomsel has extensive access and retail distribution throughout the nation. Trikomsel will also be able to utilize our expertise in logistics and ecommerce.”

Tech in Asia is reaching out to Trikomsel and SingPost for more information, and will update this story as more details come to light.

Editing by Paul Bischoff; lead image from Wirawat Lian-Udom.