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Posted on: Nov. 21, 2018, 3:01 p.m.
A cashed-up Tokopedia, which was founded in 2009, will present more formidable competition for its rivals. : PT Tokopedia, Indonesia’s largest online marketplace, has become the country’s most valuable startup after raising $1 billion from existing investors including SoftBank, according to people familiar with the matter. The e-commerce operator is valued at about $7 billion after the round, the people said, asking not to be identified as the details are private. That would top the valuations for startups in Indonesia, ... Full investment news articleRelevent to this post: Michigan State University Office of Investments University of Nebraska Foundation,