TOKYO -- Tokopedia is defending its position as Indonesia's top e-commerce player against an expected onslaught from foreign rivals by extending one day delivery to nearly all products in one of Asia's most logistically challenging markets.
Tokopedia, which is backed by Alibaba Group Holding and SoftBank Group's $100 billion Vision Fund, will also begin acquiring minority stakes in local companies to expand the range of services on its platform and lock in potential partners.
