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> span across a variety of unrelated industries Lippo group[1] is one such conglomerate in Indonesia. During my stint at a company of SEA we partnered with one
by vishnugupta 4y ago
> span across a variety of unrelated industries
Lippo group[1] is one such conglomerate in Indonesia. During my stint at a company of SEA we partnered with one of their subsidiaries, Ovo. At that time I wasn't aware of Ovo's parent company and the extent of their reach. A visiting exec said that Lippo group has enough businesses to cater to a person from birth to death. Later I found out he wasn't joking, they own hospitals as well as graveyard and everything in between.
[1] https://en.wikipedia.org/wiki/Lippo_Group https://en.wikipedia.org/wiki/Lippo_Group
- rippercushions 4y agoTo give some of Lippo's scale, they build their own towns: https://en.wikipedia.org/wiki/Lippo_Karawaci https://en.wikipedia.org/wiki/Lippo_Karawaci And there are many other conglomerates of similar scale: Salim, Bakrie, Sinarmas, Astra, etc.
- bobthepanda 4y agoSamsung is probably the most famous family owned conglomerate in the world. In 2014, Samsung represented about 17% of South Korean GDP.
- lmz 4y agoAmericans may find the "Lippo" name familiar from the 1996 scandal: https://en.wikipedia.org/wiki/1996_United_States_campaign_finance_controversy#John_Huang_and_James_Riady https://en.wikipedia.org/wiki/1996_United_States_campaign_fi...