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Indonesian conglomerate company
Not to be confused with Lippo Limited.
Lippo Group is an Indonesian multinationalconglomerate company. The company operates internationally providing property development and management services. It was founded by Mochtar Riady. Lippo has a collective presence across Asia and North America. Lippo Group is one of the largest real estate developers in Indonesia, and is known for various large-scale projects such as Lippo Village.
The Lippo Group began with Lippo Bank, later using this as a platform for regional property development projects. In 2001, the Lippo Group delved into the education market with the newly minted Putian University (in Putian, Fujian Province, China) by providing international training (using English) for specially-selected accounting and computer science students.
Lippo Group controls in excess of $15 billion in assets with significant investments in retail, media, real estate, banking, natural resources, hospitality, and healthcare industries. The group's flagship operating platforms include OUE Singapore, Lippo Karawaci Indonesia, Hypermart, Matahari, Siloam Hospitals Indonesia, First REIT, LMIR REIT, Auric Pacific, and Lippo Incheon Development.
