Google has invested in the Indonesian unicorn Tokopedia

News

Google has invested in the Indonesian unicorn Tokopedia

19.11.2020 News

IT giant Google and Singapore’s state-owned investment company Temasek have invested in Indonesia’s largest online store Tokopedia, writes Nikkei Asian Review. The amount of investments is not disclosed. In October, Bloomberg reported that Tokopedia was going to raise about $ 350 million from Google and Temasek.

This is Google’s second investment in the Indonesian unicorn. In 2018, the company invested in its subsidiary company Gojek. It is a service that provides taxi services, delivers food, makes digital payments.

According to documents submitted to the Indonesian Ministry of Law and Human Rights on November 4, Google owns 1.6% of Tokopedia and its subsidiary Temasek, Anderson Investments, owns 3.3%. Shares of Tokopedia owned by Google are valued at Rs 16.7 billion ($ 1.1 million) and shares owned by Anderson Investments at Rs 33.4 billion ($ 2.2 million).

The Google deal is the technology company’s third U.S. investment in a major Indonesian player this year. Earlier, Microsoft invested in a subsidiary of Tokopedia – online store Bukalapak, while Facebook and electronic payment system PayPal invested in Gojek.

Other articles

  • L’Oreal has created a virtual make-up for video conferences
    News

    L’Oreal has created a virtual make-up for video conferences

    The French company has developed an augmented reality application for digital makeup. The Signature Faces application allows you to apply filters to your face in real time. “We believe that everyone is beautiful by themselves, but in a world where the camera is always on, it’s normal to want to “play” with filters. We want […]

  • Amazon reported a 37% increase in revenue
    News

    Amazon reported a 37% increase in revenue

    Shares of Amazon, which rose by 73.8% since the beginning of the year (more than the growth of Apple, Microsoft, Google and Facebook), fell 2% after closing trading on Thursday, when the company released a report for the 3rd quarter, which ended September 30. Amazon set a new revenue record, e-commerce increased sales by 57% […]

  • The third quarter of Alphabet showed growth in search advertising revenue and strong growth in YouTube
    News

    The third quarter of Alphabet showed growth in search advertising revenue and strong growth in YouTube

    Shares of Alphabet, which rose 18.2% over the past 6 months, rose 9% after closing trading on Thursday when the global advertising giant announced significant improvements in the reporting quarter. Google’s parent financial report far exceeded analysts’ expectations and showed a resumption of advertising revenue growth after reporting a drop in revenue for the first […]

  • Apple has intensified its work on a competitor to Google search
    News

    Apple has intensified its work on a competitor to Google search

    Apple has intensified work on its own search service, which will become a competitor to Google, writes the Financial Times, citing interlocutors in the mobile industry. One of the signs of this, the interlocutors called the fact that after updating the iOS operating system, Apple began to show its own search results and provide direct […]

  • AMD will buy the chip maker Xilinx
    News

    AMD will buy the chip maker Xilinx

    Chip maker, Advanced Micro Devices, is in talks to buy a rival chip maker – the American company Xilinx, reported The Wall Street Journal. The deal might be exceeding to $ 30 billion and could be announced for the next week. The merger will become one of the largest transactions in the industry this year, […]

  • The US Antimonopoly Committee has called for the reform of the rules for the technology giants
    News

    The US Antimonopoly Committee has called for the reform of the rules for the technology giants

    On Tuesday, shares of the four largest US technology companies declined, as the 16-month government investigation of their competitive practices led to the first results in the form of 449-page report on their abuse of the market power. Shares of Apple, Amazon, Facebook and the parent company Google Alphabet fell to 2.9%, 3%, 2.26% and […]

  • Google will charge the commission of 30% of all purchases on Google Play
    News

    Google will charge the commission of 30% of all purchases on Google Play

    Google has updated its application store policy: the corporation makes it mandatory to use its payment system for digital purchases on the Google Play. The new rules will take effect in a year, on September 30, 2021. The update of the usage policy means that in a year application developers will not be able to […]

Read also

Google has invested in the Indonesian unicorn Tokopedia
News

Agro Core: a new venture in agricultural business management system

Agro-industrial holding Astarta-Kyiv, the ultimate beneficiary of which is Viktor Ivanchyk and company Borsch Ventures headed by Yevgeny Utkin formed a common company under the name of Agro CORE , the main activity of which will be projects in the field of development of innovative systems which manage agricultural business. This information became known from […]

Next
Google has invested in the Indonesian unicorn Tokopedia
News

Bayer sells the part of its business

Bayer AG  is going to sell the part of its business  in biotechnologies and productions of cotton  spheres. It is concerned the Crop Science  subsidiary Company. According to Liman Kondon, the company chairman, this industry sphere is money-making.  There is no reason in  finding buyers  to Buyer. The decision was concluded by a pressure of […]

Next
Google has invested in the Indonesian unicorn Tokopedia
News

The Australian company got rid of the gas field in Ukraine

The press service of Hawkley reports that Hawkley Oil & Gas Limited Australian mining company had reported about the Ukrainian company sale transaction assets of Tomeas Assets Ltd. The amount of transaction has constituted 1 million dollars. Negotiations on sale have continued since February 2016. Reportedly that Hawkley Oil & Gas Limited will allocate proceeds […]

Next
Google has invested in the Indonesian unicorn Tokopedia
News

Prada restructures business because of low sales

The famous Italian fashion house Prada has decided to make adjustments  of the management of its business  because of the fact that the company’s sales began to fall. General Director of Prada Patrizio Bertelli  is going to re-equip production and hold a business restructuring. At the end of 2013 the company’s revenues declined, while management […]

Next
Google has invested in the Indonesian unicorn Tokopedia
News

Why do the foreign investors need Chornobyl zone?

A number of investment companies in the world are interested to invest money in the construction of solar power plants in the Chоrnobyl zone. Among them are China, Germany, Austria and others. It is reported by investment portal InVenture. Head of Ministry of Environmental Protection of Ukraine Ostap Semerak stressed the fact that the Ministry […]

Next
Google has invested in the Indonesian unicorn Tokopedia
News

In the United States, the victim of hackers was one of the largest companies of the medical services

The computer system of the American medical company Universal Health Services, which has a membership of over 400 medical institutions, has become the object of attack by hackers that demand the ransom. This was reported by CNBC, citing sources from the company’s employees. According to the TV channel, computers in the various institutions of the […]

Next
Google has invested in the Indonesian unicorn Tokopedia
News

Musk called the new date of flight Starship spacecraft into orbit

The American company SpaceX will launch the first Starship spacecraft into Earth orbit, most likely in 2021. It said its founder Elon Musk, speaking at a video conference on the problem of human flight to Mars, according to TASS on Tuesday, September 1. Mask was asked when the first test flight of Starship into orbit […]

Next
Google has invested in the Indonesian unicorn Tokopedia
News

Biopharma is going to invest $ 12 million in its development in 2016

In 2015, the company built a plant for the production of probiotics, conducted a reconstruction of the station for a blood transfusion, as well as invested in the development of new drugs. The Pharmaceutical company Biopharma (Kiev region) intends to keep the volume of investments in development at the level of 2015 – $ 12 […]

Next
Google has invested in the Indonesian unicorn Tokopedia
News

Business results of the week from the LDaily

Re-arrest of Gulliver, the appointment to the post of Privatbank a foreign financier and the return of the tax police: events that you need to know. LDaily: only what is really worth your attention.  Gulliver: “… there is no base for court decision on the arrest of the property “ Ukrainian media notified again about […]

Next
Google has invested in the Indonesian unicorn Tokopedia
News

EBRD Helps in USEP Ukrposhta Privatisation

According to Interfax-Ukraine, the European Bank for Reconstruction and Development (EBRD) intends to begin the cooperation with Ukrainian State Enterprise of Posts “Ukrposhta” in the corporative enterprise management. It will also consider the enterprise investment possibility in the future. Sevki Akuner, the director of EBRD in Ukraine said: We have been working with USEP Ukrposhta […]

Next
Google has invested in the Indonesian unicorn Tokopedia
News

Bayer suffered a net loss of 8.1 billion euros in the first half against a year earlier

The net loss of the German chemical and pharmaceutical concern Bayer AG in the first half of 2020 amounted to 8.059 billion euros against profit a year earlier, according to the company’s reports. The loss in terms of the share was 8.2 euros versus 1.68 euros in profit a year earlier. Revenues decreased with 0,3% […]

Next
Google has invested in the Indonesian unicorn Tokopedia
News

The US Antimonopoly Committee has called for the reform of the rules for the technology giants

On Tuesday, shares of the four largest US technology companies declined, as the 16-month government investigation of their competitive practices led to the first results in the form of 449-page report on their abuse of the market power. Shares of Apple, Amazon, Facebook and the parent company Google Alphabet fell to 2.9%, 3%, 2.26% and […]

Next
Google has invested in the Indonesian unicorn Tokopedia
News

French company Essilor takes over Italian manufacturer Luxottica for $ 24 billion

International Company – manufacturer of optical equipment and lenses Essilor International S.A. will buy the Italian company – the manufacturer of glasses Luxottica Group S.p.A., which owns the brand Ray Ban. The acquisition price is $ 24 billion. About the transaction has informed agency Bloomberg L. P. in the early part of the week on […]

Next
Google has invested in the Indonesian unicorn Tokopedia
News

Italian bank Monte Paschi is under the threat of nationalization

Monte Paschi Italian bank turned up under the threat of nationalization. It was reported by international business publication Bloomberg, referring to its own sources. According to official information, currently a European financial institution needs an additional capitalization for the amount of 5 billion euros. However, currently it is impossible to realize such a task, due […]

Next
Google has invested in the Indonesian unicorn Tokopedia
News

229 million UAH returns to SFGCU accounts

The state food and grain corporation of Ukraine (SFGCU) provided an active work on previous years receivables return. As Ukrsadprom association reported,229 million of UAH and the taken measures into accounts of the corporation were still returned. Andrew Kovalenko, deputy director of economic security department and financial risks of JSC SFGCU noted: “Practically all receivables […]

Next
Google has invested in the Indonesian unicorn Tokopedia
News

The Ukrainian court refused Sberbank in collecting debts from Zaporizhstal

The District Court of Zaporizhia refused  Sberbank in approval of decision of Russian curt about enforcing  recovery of debts in $ 10.4 million from  the Ukrainian metallurgical combine “Zaporizhstal”, reports RIA “Novosti”. The  court’s decision stated that on January 25, Sberbank of Russia appealed to the Court of Zaporizhia with a statement to allow the […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com