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Amazon.com, Inc. (NASDAQ:AMZN), Alibaba (NYSE:BABA) – Amazon Founder Jeff Bezos Invests In Indonesian Ecommerce Company: What Investors Should Know



One of many richest individuals on this planet gained his wealth by creating a number one ecommerce firm. He can also be among the many traders in an Indonesian ecommerce firm, however is doing so on his personal and never along with his firm.

What Occurred: Jeff Bezos, the founding father of Amazon.com Inc (NASDAQ: AMZN), is among the many traders in a brand new funding spherical for Indonesian ecommerce startup Ula, in accordance with TechCrunch.

Ula, which has raised over $30 million since launching final 12 months, is claimed to be within the means of elevating $80 million.

Ula was based by former workers from Flipkart, Amazon and Procter & Gamble (NYSE: PG). The corporate helps small retailers in Indonesia with provide chain, stock and dealing capital. It’s one among a number of Indonesian ecommerce corporations rising within the area.

Earlier traders in Ula embody Sequoia Capital and Lightspeed Ventures.

Tencent Holdings (OTC: TCEHY), B Capital and Prosus Ventures are the leaders within the rumored funding spherical. 

Associated Hyperlink: 5 Issues You May Not Know About Jeff Bezos

Why It’s Necessary: The funding is reported to be by Bezos via his household workplace Bezos Expeditions. Some could query the funding by Bezos and never by Amazon.com itself.

Amazon.com doesn’t have operations in lots of Southeast Asian international locations.

Tokopedia, a number one Indonesian ecommerce firm, was beforehand rumored to going public with SPAC Bridgetown Holdings (NASDAQ: BTWN). Tokopedia merged with ride-hail firm Gojek, combining two of the most important corporations in Indonesia.

Different Indonesian ecommerce corporations embody Lazarda Group, owned by Alibaba Group Holdings (NYSE: BABA) and Shopee, owned by Sea Restricted (NYSE: SE).

 

© 2021 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.

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