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AirAsia's deal with Gojek Thailand brings it closer to its 'Super App' dream

AirAsia’s deal with Gojek Thailand brings it closer to its ‘Super App’ dream
By
AirAsia will be buying Gojek’s Thailand business in a stock swap.
It could, in turn, give Gojek a boost in Thailand where the startup has lagged in food delivery and ride-hailing competitors.
Gojek will focus on increasing investment in Vietnam and Singapore after the deal is completed.
The low-cost airline considers listing of its digital arm via a SPAC in the United States to raise at least US$300 million.
AirAsia Group Bhd’s digital ambitions looks set to soar to greater heights with its first major cross-border acquisition. Through AirAsia Digital Sdn Bhd (AAD), the company has acquired Indonesian unicorn Gojek’s Thailand business. At the same time, the digital arm of the low-cost carrier is considering listing in the US via a special-purpose acquisition company (SPAC) to raise at least US$ 300 million. ....

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AirAsia buys Gojek's Thai business

AirAsia buys Gojek s Thai business
3
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). ....

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AirAsia Group boosts digital presence in Thailand in RM207m deal

AirAsia Group boosts digital presence in Thailand in RM207m deal
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

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