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Business

Indonesia's Tokopedia gets top investment from Alibaba

$1.1bn funding round may portend consolidation of e-commerce

Tokopedia is among the e-commerce sites awaiting a Bank Indonesia license to restart its e-wallet services. (Photo by Erwida Maulia)

JAKARTA -- Tokopedia, a leading Indonesian e-commerce company, has received investment from China's Alibaba Group Holding as the lead investor in a $1.1 billion funding round.

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