PT Tokopedia, an Indonesian e-commerce, payments and logistics company, has raised $1.1 billion in financing led by Softbank Vision Group and e-commerce retailer Alibaba, according to a company release. The investment group also included Softbank Ventures Korea and other existing investors.

Tokopedia officials said they plan to use the funding to invest in new technology and infrastructure. The company's massive e-commerce platform, which provides e-payment services, lending and other e-commerce services for consumers and small businesses, provides services to about 93 percent of the districts in the country.