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Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia forecast a sharp increase in its underlying earnings for 2025 on Wednesday, and also posted its first ever full-year underlying profit. GoTo, which offers ride hailing, food deliveries, logistics and…
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…
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…
Tokopedia, an Indonesian e-commerce site backed by SoftBank and Alibaba, said on Wednesday it generated a record $1.3 billion in gross merchandise volume (GMV) during Ramadan sale, amid soaring demand for online retail. The company said its biggest sales,…
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,…
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…
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…
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…
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…
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…
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…
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…
Coupang’s net sales more than doubled in the first half of the year, helping to validate SoftBank Group Corp.’s bet that the South Korean web retailer will carve out a piece of Asia’s booming e-commerce market. Net revenue rose to 868 billion won ($782…
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…
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…
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…
