JAKARTA -- Tokopedia, Indonesia's largest e-commerce company, has received $1.1 billion in a funding round led by the Japanese-Saudi SoftBank Vision Fund and China's Alibaba Group, showing that the country's startups continue to enamor big international investors.
Tokopedia made the announcement on Wednesday but declined to comment on the company's valuation, though the latest round is believed to take the valuation to around $7 billion.
