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Tokopedia raises $1.1 billion from Alibaba and SoftBank

(Bloomberg)—SoftBank Vision Fund and Alibaba Group Holding Ltd. led a $1.1 billion investment in PT Tokopedia, a financing round that will help Indonesia’s biggest online marketplace venture beyond e-commerce into new areas such as air tickets and insurance. Tokopedia is No. 18 in the Internet Retailer 2018 Online Marketplaces. The company was valued at more than […]

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