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.
A Unicorn With Two Horns? Gojek, Tokopedia to Merge The largest-ever merger in Indonesian history will combine the country s two best-known online brands.
May 17, 2021 | 08:00 AM EDT
The largest Asian tech merger in history will combine Indonesia s best-known unicorns: the ride-hailing company Gojek and the e-commerce marketplace Tokopedia.
The combined company, GoTo Group, will have a valuation of around US$18 billion, based on the latest fundraising for each company. U.S. investors may want to track the combined entity, with a potential stock-market listing in 2022.
The companies, which announced the deal on Monday complete with congratulatory message from the world s biggest boyband, BTS, have a formidable roster of backers.
Gojek co-CEO Andre Soelistyo (left) will lead GoTo, William Tanuwijaya remains Tokopedia CEO Indonesian ride-hailing and e-commerce giant Gojek and online marketplace Tokopedia, which have been working on a merger for a while, have finally created their previously announced joint new company and are officially merging. Indonesia’s two biggest startups said in a statement on May 17 that they have combined their businesses to form GoTo Group, the largest technology company in the world s fourth most populous country. GoTo will be preparing for a dual listing – in New York and Jakarta – later this year, executives said. Gojek’s co-CEO.
Gojek co-CEO Andre Soelistyo (left) will lead GoTo, William Tanuwijaya remains
Gojek, Tokopedia merge to form GoTo Group thepaypers.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepaypers.com Daily Mail and Mail on Sunday newspapers.
Buffett critic BlackRock exposed in Indonesia
May 11, 2021 â 11.01pm
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BlackRock has long taken a heavy-handed approach to environmental sanctimony, demanding companies work towards net zero carbon-emission targets or risk divestment. Warren Buffettâs asset manager for a perceived lack of climate-related action planning and disclosures.
But a whiff of hypocrisy has been laid bare (again) by revelations in
The Financial Times that BlackRock supported a Procter & Gamble shareholder environmental protest vote against P&Gâs supply chain, which includes a company BlackRock itself owns shares in.
Thatâs correct: the wash-up from the protest vote revealed that BlackRock owns about $US350 million ($447 million) of shares in P&G supplier Astra International, an Indonesian conglomerate. Its subsidiary, palm oil company Astra Agro Lestari, is accused of having poor environmental standards and being involved in land grabs.