SoftBank Vision Fund and Alibaba have co-led a $1.1bn round for the e-commerce marketplace that also featured Softbank Ventures Korea.

Indonesia-based online marketplace Tokopedia confirmed yesterday it has raised $1.1bn in a funding round co-led by e-commerce group Alibaba and internet and telecommunications conglomerate SoftBank’s Vision Fund. A direct SoftBank subsidiary, Softbank Ventures Korea, also participated in the round along with undisclosed existing investors. Bloomberg reported last month that the round would value the company…

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