AirAsia buys Gojek s Thai business
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B1.61bn deal to give rise to super app war
published : 8 Jul 2021 at 05:44 Talks between AirAsia and Gojek began around two months ago. (Photo: Seksan Rojjanametakul)
AirAsia is aiming to use its strong network in Thailand to speed up the growth of Gojek in the country and put the loss-ridden service on the path towards profit within one year via upcountry expansion, starting with three key provinces in the fourth quarter.
The group s plan is to boost revenue from digital services to 50% within five years, which will become easier after it agreed to acquire the unit from Indonesia s delivery giant via a share deal worth US$50 million (1.61 billion baht).