Google, Temasek to invest $350 mn in Indonesia's Tokopedia: Report

Google and Temasek Holdings will invest around $350 million in Indonesia's largest e-commerce firm Tokopedia, sources told Bloomberg. Tokopedia's initial goal had been to raise between $500 million to $1 billion, Bloomberg reported, adding that it may still look for more investors. Founded in 2009, Tokopedia has previously received funding from SoftBank Group and Alibaba Group.