JAKARTA -- Google and Singapore's government investment company Temasek have invested in Indonesia's Tokopedia, the e-commerce company's founder and CEO William Tanuwijaya announced on Monday.
The investment comes hot on the heels of Microsoft's capital injection into Bukalapak, Tokopedia's rival, and reflects the increasing appetite that major U.S. tech companies have for Indonesia's unicorns, private companies valued at over $1 billion.
