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The recent mega-merger of the Indonesian super-apps Gojek and Tokopedia -- essential fixtures in the daily lives of tens of millions of people -- has lent new urgency to the need for better personal data protection in the country.
May 18, 2021 | E-Commerce | Gojek, Southeast Asia’s leading mobile on-demand services and payments platform, and Tokopedia, a technology company with the leading marketplace in Indonesia, have announced that they have combined their businesses to form GoTo Group, the largest technology group in Indonesia and the “go to” ecosystem for daily life. The agreement marks the largest ever business combination in Indonesia and the largest between two Asia-based internet media and services companies to date. GoTo brings together the strengths of two Indonesian champions and creates a globally...
GoTo Group encompasses 2% of Indonesia’s GDP and will be led by Group CEO Andre Soelistyo.
26Shares Indonesian e-hailing and payments giant Gojek and e-commerce company PT Tokopedia announced their imminent merger, forming the largest Internet firm in the country, a Bloomberg report said. ADVERTISEMENT The new entity, called GoTo, would probably be a formidable rival to companies such as Grab and Sea, which is behind e-commerce platform Shopee. Notably, Gojek and Grab were formerly in talks to merge, but that endeavour ultimately fell through. “We have Gojek’s high volume, high frequency mobility transactions, combined with Tokopedia’s high value, medium frequency e-commerce ...
Indonesia’s ride-hailing and payments giant Gojek agreed to combine with e-commerce pioneer PT Tokopedia to create the largest internet company in the world’s fourth most-populous nation.