Soft silver 100 million dollars to the Indonesian electric giant Tokopedia

domain.cn October 23 News, according to Reuters, SoftBank announced in Wednesday, the general cast the Indonesian electric giant PT Tokopedia 100 million dollar financing. This is SoftBank's third overseas investment, led by Vice Chairman Nikos Orola (Nikesh Aurora).

SoftBank's newly established internet and media company (SIMI) will be involved in 100 million of dollars invested in PT Tokopedia. Sequoia Capital and the existing shareholder soft Silver Pan-Asian Fund (SB Pan-asia Fund) will also participate in the PT Tokopedia this round of financing. Simi and Sequoia Capital representatives will also join the PT Tokopedia board. Simi is led by Aurora.

Before that, SoftBank had acquired the South Korean online video service DramaFever and spent 250 million of billions of dollars earlier this month acquiring a minority stake in the legendary legendary entertainment. The investment PT Tokopedia will be the latest deal for Simi's vigorous overseas expansion under Aurora.

PT Tokopedia was founded in 2009, an online mall that allows individuals and businesses in Indonesia to open their own online stores, a business model similar to that of Japan's electric-business giant Lotte.

SoftBank said the investment is expected to be completed by December, subject to specific conditions.