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Lippo Karawaci, Softbank Join Forces to Develop AI, IoT, Big Data Solutions

November 28, 2019 / LONA OLAVIA

Jakarta. Lippo Karawaci, one of Indonesia's largest property developers, has signed up Japanese multinational conglomerate Softbank to help with the development and dissemination of Internet of Things platforms and smart solutions in its real estate and mobility ecosystems.
John Riady, Lippo Karawaci's chief executive, and Hidebumi Kitahara, Softbank's vice president of global business strategy, signed the memorandum of understanding for the partnership on Thursday in Jakarta. Softbank believes in Indonesia's potentials, so we continue to work together in technology, especially in IoT and big data. Lippo Karawaci is a real estate company, so it must have a mindset not only to build but also to think like a consumer company that understands the needs of its consumers, John said. Initially, Lippo will implement the collaboration in Lippo Village Karawaci with plans to develop it as a center for technology and research applications in Southeast Asia.