SoftBank bets big on Indonesia e-commerce
Softbank's first investment in Alibaba Group came 14 years ago. The initial $20 million was followed by around $80 million more, and by the time of Chinese e-commerce giant's IPO earlier this year, the Japanese tech firm held a 32.4% stake. This holding is now worth around $78 billion.
When SoftBank last week led a $100 million round of investment for Tokopedia, Indonesia's largest e-commerce marketplace, it prompted talk of the company again finding success by betting big and early....
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