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Djarum Group

Djarum Group is a family-owned Indonesian conglomerate company founded in 1951, when Oei Wie Gwan (黃惠源) acquired a nearly defunct cigarette manufacturer in Kudus, Central Java. The company is now controlled by brothers Robert Budi Hartono and Michael Bambang Hartono, and produces tobacco products, having also diversified into banking, technology, and media. In December 2024, Djarum’s venture capital arm, GDP Venture, acquired news platform Kumparan for 60 million dollars, consolidating control after earlier investments.

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