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Alibaba Eyeing Indonesian Major E-Commerce Company

TEMPO.CO, Jakarta – Alibaba Group Holding Co. is eyeing investment opportunities in Indonesianmajor e-commerce company Tokopedia, according to Strait Times. A source said that the China-based company is currently negotiating to lead a series of US$500 million funding for Tokopedia. A smooth negotiation would see Alibaba joining SoftBank Group and Sequoia Capital as the existing investors of Tokopedia. Alibaba may challenge JD.com that aim to become an investor as well. Both Alibaba and Tokopedia managements have yet to issue a statement on the report. For Alibaba, Tokopedia is the […]

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Thailand: Baht’s sharp rise on BoT radar

The Bank of Thailand has acknowledged the baht’s rapid climb against the US dollar recently, a movement that it says warrants close monitoring.  “Even though the baht’s strengthening is in tandem with the movement of other currencies in the region, the baht in the recent period has gained in value rather fast,” said Mathee Supapongse, the […]

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