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November 18, 2020, 02.11 AM

3. Google, Temasek Now Shareholders of Indonesian E-Commerce Unicorn Tokopedia

US Big Tech company Google and Singapore state investor Temasek have officially become shareholders in Tokopedia, Indonesia’s largest e-commerce platform.

It was previously reported that Google and Temasek’s investment in Tokopedia came after Microsoft Corp. injected their funds into Indonesian startup Bukalapak.

With this capital injection, Google now has 1.6 percent of Tokopedia’s shares. Meanwhile, Temasek via its unit Anderson Investments owns a 3.3 percent stake.

This data is obtained from documents submitted to Indonesia’s Ministry of Law and Human Rights dated November 4, 2020.


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