17 Aug

Alibaba leads $1.1B investment in Indonesia-based e-commerce firm Tokopedia

 Alibaba has continued its push into Southeast Asia after it led a $1.1 billion investment in Tokopedia, an e-commerce firm based in Indonesia.
A valuation for the deal was not announced, but the companies did say that Alibaba has become a minority shareholder.
Tokopedia, which was founded in 2009, operates a marketplace that allows small retailers and large brands to sell to consumers in… Read More
Source: TechCrunch – Funding and Exits

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