The company is also said to have held talks with Facebook, Microsoft Corporation (NASDAQ: MSFT) and (NASDAQ: AMZN) over investments and partnerships.Д«enzingaвЂ™s Take: Indonesia is the largest economy in SE Asia, which could make Tokopedia a compelling investment for Bridgetown.

Li is already a minority investor in Tokopedia through companies he owns.ДЄlphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) unit Google and Temasek are said to have invested $350 million in the company recently.ДЄ report from DealStreetAsia reports Google owns 1.6% of Tokopedia. Tokopedia Backers: The company is backed by Softbank. The company said this is the fastest digital transformation they have ever seen in its 11-year history. Tokopedia serves 98% of the sub-districts in Indonesia. The company has over 100 million active customers searching for 350 million products.

Tokopedia is seeing exponential growth during the pandemic according to local news site. Indonesia E-commerce: Tokopedia competes with Lazarda Group, owned by Alibaba Group Holdings (NYSE: BABA) and Shopee, owned by Sea Limited (NYSE: SE) in Indonesia. Ovo was accepted at over 500,000 merchants as of 2019, compared to rival Go-PayвЂ™s acceptance in 300,000 merchants. Tokopedia invested in Ovo in 2019 and began a partnership with the company back in 2018. Tokopedia is also the largest shareholder n Ovo, a digital wallet startup in Indonesia, according to DealStreetAsia, which estimates ownership of 41.1%. Tokopedia is the second most valuable startup in Indonesia, trailing only Gojeck, a ride-hailing and delivery company in the country. Related Link: A Huge Week For Facebook Alums Peter Thiel, Dustin Moskovitz And Justin RosensteinДЄbout Tokopedia: Bloomberg reportedВ Bridgetown in early talks to acquire Tokopedia, a leading ecommerce company in Indonesia at a valuation of up to $10 billion.

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