Gojek, Tokopedia announce GoTo Group creation through merging services 1 hour ago
Gojek and Tokopedia merger. ANTARA/HO
Today is a very historical day, with the formation of the GoTo Group while at the same time marking the next development phase for Gojek, Tokopedia, and GoTo Financial Jakarta (ANTARA) - Two Indonesian start-ups Gojek and Tokopedia declared the formation of the GoTo Group resulting from the merging of their services.
According to a statement received here, Monday, Gojek s Co-CEO, Andre Soelistyo, will assume the role of the Group s CEO, while Tokopedia s President, Patrick Cao, will serve as the Group s president.
Gojek to merge with Tokopedia to create $18-bn Indonesia tech giant
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Gojek Makes Financial Push in Indonesia
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Indonesian ride-hailing giant Gojek announced on Friday that it had increased its stake in publicly listed Bank Jago as part of its long-term investment plan and strategic partnership to strengthen its financial services.
The tech company bought a total of 1.96 billion of Bank Jago’s shares, or equal to an 18.02 percent stake in the bank, through PT Dompet Karya Anak Bangsa, which operates payment service GoPay, at a price of Rp 1,150 (8 US cents) at the negotiated market. This means Gojek spent about Rp 2.25 trillion for the shares acquisition and increased its ownership in the bank to 22.16 percent from the previous 4.14 percent.