In many ways, the Lippo Group is a proxy for the Indonesian economy. Its interests in various verticals — real estate, private healthcare, and tech investments — place it at the centre of SE Asia’s largest economy.
Lippo’s CEO John Riady has focused on concentrating on the sweet spots in real estate and healthcare businesses. He is betting on macro drivers like urbanisation and demographics, as well as the digitalisation of healthcare to spur growth at the group’s businesses.
Riady is also the MD of PT Multipolar Tbk, Lippo’s investment vehicle, which has been modelled along the lines of Japanese multinational SoftBank Group’s Vision Fund.
He envisions that Indonesian tech companies have the potential to touch a valuation of up to $400 billion in the next few years. “We’re going to see this space go from $60 billion today to $400 billion over the next few years,” he said at a fireside chat — Straddling real estate, healthcare and tech bets: The pillars transforming the Lippo Group — at the Asia PE-VC Summit on Oct. 1, 2021.
Watch the full video of the fireside chat here: