Alibaba and SoftBank’s Vision Fund Co-Lead $1.1B Into Indonesia’s E-Commerce Firm Tokopedia

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PT Tokopedia's mascot Toped sits on display in the reception area at the company's offices in Jakarta, Indonesia. Photographer: Dimas Ardian/Bloomberg

PT Tokopedia, Indonesia’s Taobao, has completed US$1.1 billion, led by SoftBank Group Corp’s Vision Fund and Alibaba Group Holding, with participation from Softbank Ventures Korea, according to a company announcement today.

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