Alibaba Invests US $ 500 Million Acquisition Tokopedia

By : Aldo Bella Putra | Wednesday, July 26 2017 - 11:43 IWST

5166
5166

INDUSTRY.co.id - Jakarta - Alibaba Group Holding Ltd is planning a major investment in PT Tokopedia Indonesia. The action will match the efforts of JD.com Inc. which also intends to invest in Tokopedia.

Quoting from a source, Bloomberg, Monday (24/07/2017) reported the value of investment that will be invested Alibaba reach US $ 500 million. For the funding, Alibaba will collaborate with SoftBank Group Corp and Sequoia Capital.

Unfortunately, both Alibaba and JD.com refused to comment on the news.

Just so you know, Alibaba is owner of 83% stake Lazada. In June, Alibaba has again injected funds worth US $ 1 billion for Lazada.

Indonesia is indeed a lucrative e-commerce market. Macquire Research Research says, in 2020 the Indonesian e-commerce market will be shot to US $ 65 billion, from now worth US $ 8 billion.

News Comment

Today's Industry

GoTo is a blend of Gojek and Tokopedia. (Photo: republika.co.id)

Jumat, 02 Desember 2022 - 22:48 WIB

Lockup Sentiment Only Temporarily, GOTO Owns Chance to Rebound

Shares of PT Goto Gojek Tokopedia Tbk (GOTO), which experienced selling pressure after end of the lock up period on November 30, 2022, are considered by a number of market participants to provide…

GoTo is a blend of Gojek and Tokopedia. (Photo: republika.co.id)

Rabu, 30 November 2022 - 19:35 WIB

GoPay's Dominance Drives Consistency in GOTO's Financial Business Segment Growth

The financial services business segment, namely GoTo Financial owned by PT GoTo Gojek Tokopedia Tbk (GOTO), recorded impressive business growth consistency. This is reflected in GoPay's dominance…

The President Director of PT Honeywell Indonesia, Roy Kosashi, clarified many kind of leading technology for Indonesia’s New Capital City, in Jakarta on Tuesday (29/11/2022). (Photo: PT Honeywell Indonesia)

Rabu, 30 November 2022 - 19:28 WIB

Honeywell Ready to Support Indonesia’s New Capital City with Sustainability Technologies and Solutions

Honeywell announced today that it is Ready Now to support the Nusantara Capital Authority (OIKN) in realizing their goal of making a sustainable and smart forest city. OIKN is the government…

Gibu Mathew, Vice President and General Manager in Asia-Pacific (APAC) in Zoho Corp. (special)

Rabu, 30 November 2022 - 11:22 WIB

How to Make SaaS Work for Small and Medium-Sized Businesses

Southeast Asia's digital transformation has been impressive as the region is now poised to reach a projected digital economy worth USD360 billion by 2025. With digitalisation, the region bore…

PT Dharma Polimetal ("Dharma Group") Triputra Group automotive component manufacturing company.

Senin, 28 November 2022 - 12:15 WIB

DRMA Remains Optimistic 2023 Automotive Still Rises, Targets Sales Up 20%

PT Dharma Polimetal Tbk (“DRMA”), a listed company engaged in automotive component manufacturing business sees the prospects for the automotive business in 2023 will still remain promising.…