ENGLISH is Rumoured to Acquire Tokopedia

If true, will be's main expansion in Asia

Amir Karimuddin - 4 August 2017

Chinese e-commerce giant is rumored to have acquired majority stake in Tokopedia, according to our trusted sources. This news, if true, will put an end to speculation about the possibility of any Chinese e-commerce company investing in one of the largest local marketplace services in Indonesia. It will ensure Tokopedia's position as Southeast Asia's unicorn, following Go-Jek and Traveloka's earlier announcement. For, the acquisition of Tokopedia is an important ammunition in competition against its closest competitor, Alibaba.

In the last 3 months, rumors about who invested in Tokopedia became a hot topic in the industry. In early May, it was who was in talk, but then at the end of July there was a shocking news if Alibaba was interested in injecting funds up to $500 million (over 6.6 trillion Rupiah) for the company founded by William Tanuwijaya and Leontinus Alpha Edison in 2009. Alibaba previously has acquired Lazada, a leading player in the Indonesia's e-commerce market.

It would be logical if finally dare to offer hard-to-reject acquisition preposition. In order to compete with Alibaba, needs support from large market, Indonesia in this case, and Tokopedia is indeed the most ideal player. It would be a big loss for if its closest competitor controls the # 1 and # 2 players in Indonesia's e-commerce scene, the third largest market in Asia, after China and India.

Uniquely, Tokopedia's business that focuses on the marketplace sector is much closer to Alibaba than

We still have not received confirmation about this and will update once there is certainty from related parties.

Tokopedia's last publicly announced funding was in 2014 when it received $100 million funds from Softbank Japan and Sequoia Capital. Meanwhile, has already operated its own Jakarta-based since the end of 2015.

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