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Alibaba in talks for stake in Indonesia online marketplace Tokopedia: sources

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Published Tue, Jul 25, 2017 · 09:50 PM

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    Singapore

    ALIBABA Group Holding Ltd is in talks to make a major investment in Indonesia's PT Tokopedia, people familiar with the matter said, potentially scoring a second deal to accelerate its expansion into South-east Asia's largest economy.

    The Chinese company is in negotiations to lead a funding round in Indonesia's largest online marketplace of up to US$500 million, one of the people said, asking not to be identified because the deal is private.

    AlibabaTokopedia

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