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A year later, it received US$1.1 billion in a new round of investment, led by Chinese e-commerce giant Alibaba Group. [16] In 2018, an additional US$1.1 billion was injected into the company, in a round led by existing investors Alibaba and SoftBank, raising the company's valuation to approximately US$7 billion.
This area also contains some industrial centers for different types of commodities. South Jakarta is a prosperous administrative city compared to the others, with much middle-to-upper class housing and major business centres. [4] South Jakarta has the highest Human Development Index of all Jakarta's administrative cities, with an HDI of 0.833. [5]
Most of these areas have been converted into residential areas as Jakarta grows southward. The boundary of Pasar Minggu is Kemang Selatan Road - Warung Jati Timur Road - Kalibata Timur Road to the north, Ciliwung River to the east, and Krukut River to the west. The southern portion of Jakarta Outer Ring Road passed through Pasar Minggu district.
In total, there are 44 districts and 267 subdistricts in Jakarta, a number that has remained constant since the most recent administrative change in 2001. [1]: 34–35 South Jakarta and East Jakarta are tied with the largest number of districts with 10 each, while the Thousand Islands Regency has the least with just 2. [1]: 40