Indonesia's two tech unicorns announce merger Xinhua 17 May 2021, 23:44 GMT+10 JAKARTA, May 17 (Xinhua) -- Indonesia's giant ride-hailing company Gojek and e-commerce marketplace Tokopedia announced on Monday their decision to officially merge to create a big technology group in Southeast Asia's largest economy. Named GoTo, the group could be worth about 18 billion U.S. dollars. Combining e-commerce, on-demand and financial services, GoTo is the first platform in Southeast Asia to host these three essential use cases in one ecosystem. "Today is a truly historic day as we mark the beginning of GoTo and the next phase of growth for Gojek, Tokopedia and GoTo Financial. Gojek drivers will deliver even more Tokopedia packages and serve as merchant partners of all sizes to benefit from strengthened business solutions, and we will use our combined scale to increase financial inclusion in an emerging region with untapped growth potential," Chief Executive Officer (CEO) of GoTo Group Andre Soelistyo said in a statement issued on Monday.