Northstar Group and Google collaborate through the Joint Business Plan 2021

Jakarta (ANTARA) – Investment and fund management companies (private equity firms) in Southeast Asia, Northstar Group, and Google have agreed joint business plans for 2021.

By exchanging expertise, insightsand experience through this collaboration, both parties hope to help accelerate the growth of the digital economy in Southeast Asia.

“The COVID-19 pandemic emphasizes the important role of the digital economy as one of the main drivers of growth in Southeast Asia. Even though it presents complex challenges, the pandemic has played a big role in digitalizing many aspects of people’s lives and opening up new opportunities that have never existed before,” said Chief Investment Officer of Northstar Group Tan Choon Hong, through his statement, Wednesday.

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“With support from partners of Google’s caliber, we hope to be able to help our portfolio continue to adapt and maximize new opportunities in the future. This collaboration with Google is also part of our commitment to encourage the growth of Northstar portfolio companies,” he added.

It is hoped that the increasing use of digital services in Indonesia will enable the technology industry to continue to grow and innovate, which has the potential to change people’s habits and styles during the COVID-19 transition period.

Furthermore, Managing Director of Google Indonesia Randy Jusuf said, according to the 2020 SEA eConomy report, the value of Indonesia’s digital economy has reached 44 billion US dollars and is expected to grow to 124 billion US dollars in 2025.

“At Google, we want to continue supporting digital transformation through collaboration with stakeholders and driving community development startups through the Google for Startups initiative,” said Randy.

“It is an honor for us to work with Northstar Group and support their investment in startups through platforms such as Google Ads and Google Cloud,” he concluded.

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Reporter: Arnidhya Nur Zhafira
Editor: Maria Rosari Dwi Putri
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