Alphabet Inc’s (NASDAQ: GOOGL) Google unit has invested in Indonesian e-commerce giant Tokopedia, according to a Nikkei Asia report.What Happened: The tech giant now owns 1.6% of Tokopedia, valued at $1.1 million (16.7 billion rupiah) Singapore’s government investment company Temasek also invested in Tokopedia. Temasek now has a 3.3% stake, valued at $2.4 million (33.4 billion rupiah).The numbers are not the actual capital paid by the companies because the investments could have come in separate tranches, Nikkei reports.According to Bloomberg, Tokopedia is one of the “most valuable startups in Indonesia” and is also backed by SoftBank Group (OTC: SFTBY), which …read more
Source:: Yahoo Finance
