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Factory worker’s son creates US$7bil firm


PT Tokopedia, Indonesia’s largest online marketplace, has become the country’s most valuable startup after raising US$1bil from existing investors including SoftBank, according to people familiar with the matter.

The e-commerce operator is valued at about US$7bil after the round, the people said, asking not to be identified as the details are private. That would top the valuations for startups in Indonesia, according to the research firm CB Insights.

Tokopedia , e commerce

   

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