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Tag: Tokopedia

Retail Asia01/07/2022
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E-Tailing

VinShop aims for success as store connection platform

5min0
VinShop is expected to soon become a successful store connection platform in Vietnam, with a business strategy similar to Tokopedia in Indonesia. Tokopedia’s success lesson Founded in 2009, Tokopedia is one of Indonesia’s tech unicorns. According to CB Insights (U.S.), Tokopedia’s value reached $7 billion as of June 2020, becoming the third largest unicorn in […]
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Retail Asia20/05/2021
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Startups

Gojek and Tokopedia formally announce merger

1min0
Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia formally announced their merger today in a transaction that will create a technology powerhouse in the country’s largest deal. Sources familiar with the situation had earlier said the companies were seeking a $18 billion merger. Neither firm confirmed a valuation for the merged group, named […]
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Retail Asia15/07/2019
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E-Tailing

Tokopedia enters wedding industry, buying Bridestory

1min0
Indonesian e-commerce platform Tokopedia has acquired local wedding-service marketplace Bridestory, which allows users to plan their big day on their smartphones. Bridestory targets the Southeast Asian wedding market, connecting couples with venues, organizers and vendors/service providers in the wedding industry. It has reportedly connected more than 3.5 million customers with at least 27,000 wedding vendors […]
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Retail Asia27/06/2019
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E-Tailing

Tokopedia expands delivery promise Same Day Delivery

2min0
Indonesian e-commerce company Tokopedia is expanding its one-day delivery guarantee to almost all of its products as it prepares to battle Amazon and other foreign rivals. Backed by Alibaba Group and SoftBank, Tokopedia’s greatest strength might lie in the fact it is a 100-per-cent Indonesian focused company, unlike its rivals – and shareholder – which […]
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Retail Asia20/12/2018
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E-Tailing

Indonesia’s Tokopedia Secures $1.1b From Alibaba, SoftBank

2min0
Indonesian e-commerce company Tokopedia said on Wednesday that it had secured $1.1 billion in its latest funding round led by Chinese e-commerce giant Alibaba Group Holding and Japan’s SoftBank Group. This follows a similar investment in 2017, also led by Alibaba, which has been expanding rapidly into Southeast Asia amid slowing growth in China’s e-commerce market. […]
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Retail Asia11/12/2018
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E-Tailing

Millennials Dominate Indonesia’s Online Shopping Scene

3min0
Millennials are driving growth in Indonesia’s e-commerce industry as they buy a wide range of items, from clothes and gadgets to phone credit and electricity tokens, from online outlets with increasing frequency, according to a recent report from market research and consulting firm Ipsos Indonesia. The E-Commerce Outlook 2018 report released on Monday looked at the […]
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Retail Asia02/11/2018
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Finance

OVO lead in Cashless Payment Race in Indonesia

3min0
Lippo-backed cashless payment service OVO has announced a partnership with Tokopedia, Indonesia’s largest e-commerce platform. OVO said in a statement on Wednesday that the deal would help it cement its position as the country’s largest mobile payment platform in terms of transaction volume and reach. “The partnership will add Tokopedia’s close to 80 million active […]
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Retail Asia09/07/2018
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Living

Indonesian Conglomerates-Backed Tech Fund to Be Launched in 6 Months

2min0
An Indonesian tech venture capital fund backed by the country’s largest conglomerates will be launched within the next six months, Communications Minister Rudiantara said. “We, Indonesian investors, must immediately enter the tech market,” the minister said on Thursday (05/07). He said the fund, which would be pooled from Indonesian conglomerates, was supported by his ministry, […]
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Retail Asia22/08/2017
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E-Tailing

Alibaba to invest $1bn in Indonesia e-commerce platform

2min0
Alibaba Group has led a $1.1 billion investment round for financing into Indonesia’ Tokopedia to become a minority shareholder. A number of undisclosed existing Tokopedia investors also participated in the round, the Chinese e-commerce giant said. “We have always thought of Alibaba as our teacher and role model. Today, we are excited to welcome them as a shareholder […]
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Retail Asia16/11/2016
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Electronics

Oppo Joins Hands with Tokopedia

2min0
OPPO has officially established a partnership with e-commerce company Tokopedia to market its best products, such as its best-selling product OPPO F1s. “Our cooperation with Tokopedia is an added value to our customers throughout Indonesia,” OPPO Indonesia CEO Ivan Lau. Ivan said that OPPO’s customers who cannot be reached by OPPO’s physical stores will be able […]
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Retail Asia05/09/2016
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E-Tailing

Report predicts $25b in eCommerce revenues

5min0
Southeast Asia eCommerce revenues are projected to exceed US$25 billion by 2020, according to new research by growth partnership company Frost & Sullivan. Despite acquisitions, market exits and many online retailers struggling to achieve profitability, the market earned $11 billion last year, says the report, from its Telecommunications and Digital Services program, Analysis of the […]
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Retail Asia23/08/2016
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E-Tailing

Tokopedia Tops Indonesia`s E-Commerce Website List

2min0
Seven years after its establishment, start-up company Tokopedia continues to strengthen its foothold in Indonesia’s e-commerce market. Tokopedia CEO William Tanuwijaya said that there are currently one million registered sellers in Tokopedia. “Over 16.5 million items are delivered monthly to buyers in Tokopedia,” William told Tempo, Wednesday, August 17, 2016. “The items are sent [to various […]
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Retail Asia04/07/2016
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E-Tailing

Tokopedia deal lets online shoppers pay in store

2min0
Indonesian online platform Tokopedia has signed an agreement with retailer Alfamart allowing online shoppers to pay at their nearest convenience store branch. Customers do not need a special account to complete a transaction in an Alfamart store. “The payment will be automatically verified and the order will pass directly to the seller,” says Tokopedia VP […]
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Retail Asia05/04/2016
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E-Tailing

Grab to deliver for MatahariMall

2min0
Taxi and ride app service Grab has formed a strategic partnership with one of the Indonesia’s largest conglomerates to provide logistic services for online shopping. It has signed up with Lippo Group’s MatahariMall, launched last year at a cost of $500 million – the largest eCommerce investment in Indonesia. A competitor to Sequoia-backed Tokopedia, MatahariMall […]
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