Press Releases 2019
PT LIPPO KARAWACI Tbk ANNOUNCES COMPREHENSIVE COOPERATION WITH JAPAN'S SOFTBANK CORP. ON INNOVATIVE TECHNOLOGY-BASED SOLUTIONS
- Strategic alliance will support the advancement of Lippo Village Digitization Project utilizing Artificial Intelligence and the Internet of Things to create innovative solutions
- Implementation of Smart Cluster and Smart Traffic Management in Lippo Village utilizes technology to manage township and easy living for Lippo Village Residents
November 28, 2019
PT Lippo Karawaci Tbk
PT Lippo Karawaci Tbk (“LPKR”) and Japan-based SoftBank Corp. (“SoftBank”), today, announced a strategic alliance to cooperate in the development and dissemination of “Artificial Intelligence” (AI) and “Internet of Things” (IoT) powered solutions in the real estate and mobility ecosystems in Indonesia. Lippo Village in Karawaci is the priority location for this project with plans to develop “Lippo Village as central hub of technology application & research in South East Asia”.
A signing ceremony was held at the Aryaduta Hotel in Jakarta on November 28, 2019 between Lippo Karawaci's CEO John Riady and SoftBank's Vice President and Head of Global Business Strategy Hidebumi Kitahara. Following the signing, John Riady said, “We are excited to move forward and collaborate with SoftBank to develop AI and IoT-based innovative solutions for our customers across the largest integrated real estate and healthcare company in Indonesia. Within our township, we intend to implement IoT technology through Smart Cluster Management and Smart Traffic Management in Lippo Village.”
Hidebumi Kitahara added, “We are very pleased that we could launch this AI and IoT initiative together with Lippo Karawaci to make Lippo Village even more comfortable for residents and tenants. SoftBank will utilize its technology deployment insights to introduce advanced technologies to shopping malls and other commercial facilities, hospitals, and the entire Lippo Village area. Through this, we aim to develop Lippo Village as a Smart City model case in South East Asia.”
Smart Cluster Management utilizes advanced camera technology for facial recognition of occupants in vehicles and also has the ability to read motor vehicle license plate numbers of township residents and identify unknown visitors.
Smart Traffic Management itself, through smart CCTV mode, provides the ability to count the number of vehicles that enter into an area, while at the same time is able to identify and differentiate between vehicle types including motorcycles, cars, buses and trucks. Implementation of this technology will drive improved traffic management and allow for improved and more seamless traffic flow at specific times throughout the day.
Furthermore, the cooperation between LPKR and SoftBank will bring a new analytics platform powered by AI and Big Data that will dramatically improve customer experiences. This platform will be expanded to the mall segment, combining the largest retail mall owner and operator with the innovative technology applications that SoftBank provides via its IoT technology. This cooperation will provide customers with a cutting-edge experience that links their user behavior with special offers and rewards across Lippo's expansive 51 mall network. In addition to improving the customer's experience, this technology allows the mall and its stores to offer customer-centric offers that provide a unique and “smart” shopping experience. In addition, this cooperation will include Siloam Hospitals in the application of smart healthcare.
About Lippo Karawaci (“LPKR”)
Listed on the Indonesia Stock Exchange, Lippo Karawaci (“LPKR”) is Indonesia's leading integrated real estate company with total assets of US$3.7bn at 30 June 2019. Our core business comprises urban residential developments, lifestyle malls and healthcare. We are also actively involved in integrated developments, hospitality, township development and management, as well as asset management services.
Currently, the Company has a presence in 36 cities, and is a leading Indonesian property developer with 1,467 ha of landbank ready for development. Through our two publicly listed subsidiaries, PT Lippo Cikarang Tbk, and PT Gowa Makassar Tourism Development Tbk, of which LPKR owns 81.0% and 62.7% respectively, LPKR develops and operates urban developments at Lippo Cikarang in Bekasi and at Tanjung Bunga in Makassar. Additionally, LPKR owns 51.05% of PT Siloam International Hospitals Tbk, Indonesia's leading private hospitals network, with 37 hospitals across 27 cities nationwide.
LPKR also has an ownership stake in two listed REITs in Singapore, namely First Real Estate Investment Trust and Lippo Malls Indonesia Retail Trust with US$1.0bn and US$1.5bn of assets under management respectively, as at 30 June 2019.
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