Bezos makes first-ever investment in Southeast Asia’s e-commerce

Amazon's Jeff Bezos made his first investment into Southeast Asia’s e-commerce space, investing RM362.96mil into Indonesian startup Ula. — REUTERS

Amazon founder Jeff Bezos participated in a US$87mil (RM362.96mil) Series B funding for Indonesian startup Ula, marking his first-ever investment in Southeast Asia’s e-commerce space.

Bezos Expeditions, Northstar group, AC Ventures and Citius joined the round co-led by Prosus Ventures, Tencent and B-Capital, the e-commerce marketplace Ula said in a statement on Monday.