Alibaba Invests US $ 500 Million Acquisition Tokopedia
By : Aldo Bella Putra | Wednesday, July 26 2017 - 11:43 IWST
5166
Related News
Wow, Alibaba Books Rp 342 Trillion Sales in One Day
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.
Read Also
Unveiling New Opportunities
President Jokowi Promotes IKN’s Investment Potential to Brunei…
Major Efforts By China's Sanya Cbd In Modern Financial Industry
Next-Generation 400GE IP Transport Network, Laying the Network Foundation…
Promoting Indonesian MSMEs to Go Global, Ministry of Foreign Affairs…
Today's Industry
Kamis, 11 Juli 2024 - 22:08 WIB
Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia
Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.
Kamis, 11 Juli 2024 - 19:03 WIB
BDDC Inaugurates JST1 TIER IV Data Centre in Jakarta to Strengthen Digital Infrastructure
Bersama Digital Data Centres (BDDC), an in-town data centre provider with interconnectivity and integrated digital systems, inaugurated its 5 MW Tier IV data centre facility, JST1 (Jakarta Selatan…
Kamis, 27 Juni 2024 - 15:30 WIB
Global Chemical Achieves Prestigious SNI Certification for InnoPlus Polyethylene Resin
PTT Global Chemical (GC) is proud to announce its successful attainment of the prestigious SNI (Indonesian National Standard) certification for its InnoPlus Polyethylene resin.
Rabu, 26 Juni 2024 - 22:47 WIB
The Importance of Financial Literacy
Financial literacy refers to the ability to understand and use various financial skills effectively, including personal financial management, budgeting, and investing.
Senin, 24 Juni 2024 - 20:07 WIB
The Best AI of 2024: A Comprehensive Guide
Artificial Intelligence (AI) is rapidly changing the world, and 2024 is shaping up to be a year of significant advancements in the field.
Industri Populer
Magazine
News Comment