China’s e-commerce giant Alibaba Group Holding Ltd is said to have signed new investment agreement with Indonesian online shopping facilitator Tokopedia. Tokopedia’s CEO William Tanuwijaya said the new investment from Alibaba reaches US$1.1 billion, equivalent Rp14 trillion. Alibaba will have minority ownership in Tokipedia. In April 2016 Alibaba has already obtained a controlling 83% stake in e-commerce platform Lazada Group SA for a price of US$1 billion.
