Indonesia E-commerce: Tokopedia competes with Lazarda Group, owned by Alibaba Group Holdings (NYSE: BABA) and Shopee, owned by Sea Limited (NYSE: SE) in Indonesia. Ovo was accepted at over 500,000 merchants as of 2019, compared to rival Go-Pay’s acceptance in 300,000 merchants. Tokopedia invested in Ovo in 2019 and began a partnership with the company back in 2018. Tokopedia is also the largest shareholder n Ovo, a digital wallet startup in Indonesia, according to DealStreetAsia, which estimates ownership of 41.1%. Tokopedia is the second most valuable startup in Indonesia, trailing only Gojeck, a ride-hailing and delivery company in the country. Related Link: A Huge Week For Facebook Alums Peter Thiel, Dustin Moskovitz And Justin RosensteinĪbout Tokopedia: Bloomberg reported Bridgetown in early talks to acquire Tokopedia, a leading ecommerce company in Indonesia at a valuation of up to $10 billion.
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