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Alibaba rival eyes major investment in Indonesia's Tokopedia

It's in early talks to pump in hundreds of millions of dollars, spurring its expansion into South-east Asia's biggest economy
Wednesday, May 3, 2017 - 05:50

Unlike Alibaba and fellow Chinese internet giant Tencent, JD has tended to grow its business organically, relying on its own networks of shippers and delivery-people to control quality and service.


JD.COM Inc, Alibaba's fiercest rival in Chinese e-commerce, is in talks to make a major investment in Indonesia's PT Tokopedia to speed its expansion into South-east Asia's largest economy, people familiar with the matter said.

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