Here’s Alibaba’s Latest Investment
Chinese tech giants Alibaba (BABA) and Tencent (TCEHY) are taking a page out of SoftBank’s book. The Japanese giant has been investing in a number of startups for a long time, particularly in Asia. Alibaba and Tencent have been doing the same for a while now. Indonesian e-commerce startup Tokopedia raised $1.1 billion in a Series G round led by the Japanese giant and Alibaba. The two companies were already investors in the business. Tokopedia will now enter SoftBanks’ Vision fund.
