Temasek is set to invest $500m in a round that will include existing corporate investors Alibaba and SoftBank at a valuation of up to $9bn.
Indonesia-based e-commerce platform Tokopedia is nearing the close of a $1.5bn funding round featuring e-commerce firm Alibaba and telecommunications firm SoftBank, the Financial Times reported yesterday.
The round is set to be led by a $500m contribution from Singaporean government-owned investment firm Temasek, and the cash will be raised at an $8bn to $9bn valuation, several people familiar with the matter told the FT.
Tokopedia operates an e-commerce marketplace with 90 million monthly active users that is the market leader…
