SoftBank-backed Tokopedia says generated record $1.3b Ramadan sale

SoftBank-backed Tokopedia says generated record $1.3b Ramadan sale

REUTERS/Issei Kato

Tokopedia, an Indonesian e-commerce site backed by SoftBank and Alibaba, said on Wednesday it generated a record $1.3 billion (£1 billion) in gross merchandise volume (GMV) during Ramadan sale, amid soaring demand for online retail.