Microsoft to Invest in Indonesia's Bukalapak
November 03 2020 - 6:18AM
Dow Jones News
By Martin Mou
Microsoft Corp. will invest in Indonesian e-commerce company
Bukalapak under a new strategic partnership formed between the two
companies.
Bukalapak will adopt Microsoft Azure as its preferred cloud
platform to support its more than 12 million merchants and 100
million customers, the companies said Tuesday in a joint
statement.
The statement didn't disclose financial terms, but a Bloomberg
report said Microsoft has agreed to join a $100 million investment
in Bukalapak.
Write to Martin Mou at martin.mou@wsj.com
(END) Dow Jones Newswires
November 03, 2020 06:03 ET (11:03 GMT)
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