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SoftBank To Invest $100 millionin Indonesian ecommerce firm Tokopedia

SoftBank Corp. announced it is leading a $100 million investment round in PT Tokopedia, an Indonesian ecommerce giant. Softbank Internet and Media Inc., which is led by Arora, will invest $100 million in a funding round with Sequoia Capital and existing shareholders SB Pan Asia Fund in PT Tokipedia. Arora said in a statement, “In the Asia region, the growth potential for online marketplaces particularly stands out in Indonesia, and since their founding, Tokopedia has seen remarkable growth with their innovative business model.”