The company manages Tokopedia.com, which was publicly launched on 17 August.Thus, the company mission is to democratize commerce through technology.
Starting with a marketplace business, Tokopedia has now grown into a technology company with marketplace, fintech, payment, logistics, fulfilment and new retail businesses. The companys name comes from combining toko, Indonesian for shop, with encyclopedia. In October 2014, Tokopedia managed to make history as the first technology company in Southeast Asia to receive a US100 million investment (around IDR 1.2 trillion) from Sequoia Capital and SoftBank Internet and Media Inc (SIMI). In April 2016, Tokopedia raised another 147 million. In 2017, Tokopedia received 1.1 billion investment from Chinese e-commerce giant Alibaba. Again in 2018, the company secured 1.1 billion funding round led by Chinese e-commerce giant Alibaba Group Holding and Japans SoftBank Group 10 putting its valuation to about 7B. Topedia Free C2C BusinessTokopedia provides a free C2C business platform for merchants and buyers. The marketplace helps merchants reach more audience than other channels. There are also official stores for well-known brands to do their B2C business. Through its marketplace products, Tokopedia offers millions of products in 25 categories. As of November 2019, Tokopedia had over 7,000,000 merchants with more than 200 million curated products ranging from food and beverages to beauty and fashion products. In 2018, Tokopedia launched Mitra Tokopedia application to sell these FinTech products. The leaked 15 million login details include users gender, location, username, full fame, email address, phone number and hashed passwords. Tokopedia spokesperson Nuraini Razak confirmed that a breach had taken place and urged users to change their passwords periodically to ensure their security. A few hours later, the same hacker went viral under the pseudonym ShinyHunters for having put sale the full Tokopedia database, this time with 91 million records for 5000. Tokopedia has since been working closely with several strategic partners, including the Ministry of Communication and Information Technology and the National Cyber and Crypto Agency, to conduct a thorough investigation, while enhancing the security system in order to maintain user confidence. It has over 90 million monthly active users and over 7 million merchants on the platform, 86.5 of whom are the first-time entrepreneurs. BTS Jadi Brand Ambassador Tokopedia. Tokopedia. Retrieved 28 December 2019. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization.
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