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Lippo Group, (simplified Chinese: 力宝集团; traditional Chinese: 力寶集團; pinyin: Lìbǎo Jítuán) is a conglomerate company located in Indonesia. 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.

Lippo Group
Private
IndustryConglomerate
Founded1950; 69 years ago (1950)
Headquarters,
Key people
Mochtar Riady, chairman emeritus
James Riady, chairman
ProductsReal estate, media, telecommunications, electronics, property, finance, health, education
ServicesFinancial services, Commercial and residential property development
OwnerRiady family
SubsidiariesLippo Village
Lippo Cikarang
Lippo Homes
Siloam Hospitals
Pelita Harapan Education Foundation
Lippo Malls
BeritaSatu Media Holdings
Matahari Department Store
Nobu Bank
Maxx Coffee
Websitelippogroup.com

Lippo Group's members Lippo Limited, Lippo Karawaci are listed companies.

Company historyEdit

 
Lippo Centre in Hong Kong

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.

Company groupEdit

Former holdingsEdit

See alsoEdit

ReferencesEdit