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August 17, 2017 12:55 pm GMT
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
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/iWZe8Y_q75w/
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 MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/iWZe8Y_q75w/
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