CyberAgent invests in PT Tokopedia, Indonesian online shopping mall /Nikkei

Through its subsidiary, CyberAgent invests $700 thousands in PT Tokopedia, Indonesia's largest online shopping mall. The share is considered to be over 10%. CyberAgent plans to launch an office of the investment arm in Indonesia in September to accelerate expansion in South East Asia.

Over 7,000 shops are registered on the shopping mall of PT Tokopedia, selling more than 150,000 items. It plans to have collaboration with social services that CyberAgent runs.

Nikkei 4/18/2011

memo

• The investment arm, CeyberAgent Ventures has local offices in China and Vietnam investing in many local startups.
• In Indonesia, Rakuten launches shopping mall, Rakuten Belanja Online, partnering with PT Global Mediacom, the largest Indonesian media company.