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Carsome Considering Going Public In The US Via SPAC Deal

Carsome Considering Going Public In The US Via SPAC Deal
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SEA Digest: GrabPay in pact with Stripe; SiCepat partners DMMX

SEA Digest: GrabPay in pact with Stripe; SiCepat partners DMMX May 27, 2021 GrabPay has partnered with digital payments giant Stripe while Indonesian logistics company SiCepat Ekspres has announced a collaboration with PT Digital Mediatama Maxima Tbk.  Singapore’s GrabPay announces partnership with Stripe GrabPay, the e-wallet service of Singapore-based Grab, has announced a partnership with digital payments giant Stripe. “With e-commerce’s increasing popularity here, we believe that Stripe’s expertise and technology will help us deliver an enhanced payments experience for Southeast Asians. This partnership also builds on our ongoing efforts to help businesses grow online in an increasingly digitally reliant world,” said Chris Yeo, Managing Director and Head of GrabPay, Grab Financial Group.

Indonesia s Gojek, Tokopedia merge to create tech giant

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.

Tokopedia-Gojek Merger to Create Southeast Asia Internet Giant

Tokopedia-Gojek Merger to Create Southeast Asia Internet Giant A Gojek rider on the street in Jakarta, Indonesia. Photo: VCG Indonesia’s Tokopedia and Gojek, whose backers include Chinese e-commerce giants Alibaba and JD.com, said Monday they will merge, creating one of Southeast Asia’s top internet firms providing everything from digital payments to e-commerce and ride hailing services. The merged company, GoTo Group, will become Indonesia s largest e-commerce and online car-hailing platform, with a market value of $18 billion, based on the two companies’ latest valuations. Gojek, whose investors include JD.com Inc. and was valued at $10.5 billion in January, offers a wide range of services from ride-hailing to food delivery, digital payments, banking and entertainment. Alibaba Group Holding Ltd.-backed Tokopedia, which was valued at about $7.5 billion, is Indonesia’s largest online e-commerce site. Both firms count Softbank Group Corp., Google LLC, Temasek Holdings Pte.

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