Indonesia’s ride-hailing and payments giant Gojek agreed to combine with e-commerce pioneer PT Tokopedia to create the largest internet company in the world’s fourth most-populous nation.
Gojek and Tokopedia announce merger to become new tech giant in Southeast Asia 17:38 | 17/05/2021
 Gojek and Tokopedia announce a merger to create Indonesia tech giant
Although the value of the deal is not disclosed, it was announced to be the largest business deal in Indonesia s history. GoTo Group will be led by Gojekâs Andre Soelistyo as group CEO and Tokopediaâs Patrick Cao will be group president. Kevin Aluwi will remain CEO of Gojek and William Tanuwijaya will continue to lead Tokopedia. Soelistyo will also lead the payments and financial services unit, which will be rebranded as GoTo Financial.
As reported by
SINGAPORE -Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia have agreed to a merger to create a multi-billion dollar tech company called GoTo in the country s.
Monday, 17 May 2021 03:34 PM MYT
The deal comes as Gojek and Tokopedia each backed by global heavyweight investors seek to boost profitability some 10 years after they were founded by marrying their services in one bouquet under a single platform. It also extends growing consolidation among Southeast Asia’s fast-moving tech startups. Reuters pic
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SINGAPORE, May 17 Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia announced a multi-billion dollar merger of their businesses on Monday, creating a technology powerhouse called GoTo Group in the country’s largest-ever deal.
Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia are merging to create a multi-billion dollar tech company called GoTo in the country's largest-ever deal, as rivals bulk up in the fast-expanding sector.