Online retailer Blibli.com is looking for another round of funding this year and plans to raise a minimum of $75.7 million (Rp1 trillion) to bolster its distribution chain. The move is part of the firm’s defensive strategy to strengthen its position in Indonesia – southeast Asia’s largest market – after China’s Alibaba aquired a controlling stake in Lazada Group earlier this month, marking heightened competiton in the region.
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