Alibaba leads $1.1b round for Indonesia’s Tokopedia
Tokopedia, a venture capital-backed online marketplace in Indonesia, has received a $1.1 billion funding round led by Alibaba Group that will see the Chinese e-commerce giant become a minority stakeholder.
Tokopedia previously raised $100 million from SoftBank and Sequoia Capital in 2014, and counts CyberAgent Ventures, East Ventures and Japanese internet player Beenos among its early backers. The company...
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