Alibaba is in talks to lead the Indonesia-based e-commerce company's next round, which would include existing investors SoftBank and Sequoia Capital.
E-commerce group Alibaba has entered talks to lead a funding round sized at up to $500m for Indonesia-based online marketplace Tokopedia, Bloomberg reported yesterday.
Founded in 2009, Tokopedia operates a platform where individuals and online merchants can buy and sell goods from each other, a business model similar to that of Alibaba’s own Taobao offering.
The prospective round would include telecommunications firm SoftBank and venture capital firm Sequoia Capital, the investors that provided $100m in funding for Tokopedia in…
