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How Gojek-Tokopedia merger is rival to Grab in the region?

How Gojek-Tokopedia merger is rival to Grab in the region?
How Gojek-Tokopedia merger is rival to Grab in the region?
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As merger talks between Gojek and Tokopedia fall through, Grab may have lost out on a golden opportunity to bolster its presence in Indonesia and more so, with a strengthened Gojek
Gojek is now in a unique position to greatly determine and influence the tech power play in Southeast Asia over the next decade
Indonesia may soon launch a gargantuan ride-hailing, food delivery, and e-commerce entity that will be known as ‘Goto’ – a by-product of a merger between two of the country’s most valuable tech companies, Gojek and Tokopedia. The union of both giants will mainly rival Grab in the region in terms of size and investor interest. ....

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Gojek, Tokopedia merge to new Southeast Asian e-commerce giant GoTo

New e-commerce giant GoTo plans stock listing in US and Indonesia Two of Indonesia s largest e-commerce companies, ride-hailing and payments firm Gojek and online marketplace operator Tokopedia, have finally announced details on their long-planned merger and said they are combining their various digital businesses under a new company called GoTo. In the new firm, shareholders of Gojek will own 58% and owners of Tokopedia the remaining 42%, the companies said. GoTo will be led by Tokopedia CEO William Tanuwijaya and president Patrick Cao, alongside Gojek’s co-CEOs Andre Soelistyo and Kevin Aluwi. The new company has three core businesses, which are.
New e-commerce giant GoTo plans stock listing in US and Indonesia ....

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The blockbuster US$18 billion union of Gojek and Tokopedia

The blockbuster US$18 billion union of Gojek and Tokopedia
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The merger of two of Indonesia’s biggest internet companies is expected to be completed as early as this month
The combined entity is set to be called Goto, and will include Gojek’s co-CEOs Andre Soelistyo and Kevin Aluwi, and Tokopedia’s CEO William Tanuwijaya, and president Patrick Cao
The deal is expected to close this month, with Gojek taking a 60% stake in GoTo
Gojek and Tokopedia, two of Indonesia’s most valuable tech companies, are finalizing a blockbuster US$18 billion merger to create a gargantuan ride-hailing, food delivery, and e-commerce entity that will be known as Goto, according to sources close to the matter. The news came shortly after the country’s ride-hailing leader Gojek and leading e-commerce business Tokopedia, was said to have sought formal shareholder approval. ....

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Gojek and Tokopedia Unite to Launch "GoTo"; Google Urge US to Join EU Tech Council

Gojek and Tokopedia Unite to Launch "GoTo"; Google Urge US to Join EU Tech Council
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