Temasek, Google in talks to fund Indonesia's Tokopedia

The e-commerce firm has previously held talks with US internet giants.

Google and Temasek are in negotiations to join a funding round of between $500m and $1b for Indonesian e-commerce giant Tokopedia, Bloomberg reported according to people familiar with the matter.

Tokopedia, the online marketplace backed by SoftBank Group’s Vision Fund, has held talks with US internet giants, including Facebook, Microsoft and Amazon.com, the sources said. But Google and Temasek have been more active in their negotiations and those talks may conclude in coming weeks, they said, asking not to be identified.

America’s largest internet corporations have looked increasingly toward Asia as growth in the US and Europe slows, seeking to tap the region’s rapidly growing smartphone-savvy population. Facebook is buying a stake in India’s Jio Platforms, whilst its WhatsApp unit struck a deal last month to invest in ride-hailing and food delivery giant Gojek.

Also Read

All you need is one ‘hero’ TikTok product

SEA consumers embrace omnichannel retail in 2024

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit