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Search This undated photo shows a Gojek's driver-partner delivering a Tokopedia parcel in Jakarta. (Photo courtesy of Gojek) Gojek, Tokopedia Create GoTo in a Landmark Merger Deal BY :JAKARTA GLOBE MAY 17, 2021 Jakarta. Indonesian digital services company Gojek and Tokopedia have unveiled on Monday that they had agreed to combine the former's mobile on-demand services and payments platform and the latter's marketplace into GoTo Group, creating a new $18-billion entity that encompasses about two percent of the country's economic out...

Gojek, Tokopedia announce GoTo Group creation through merging services 1 hour ago Gojek and Tokopedia merger. ANTARA/HO Today is a very historical day, with the formation of the GoTo Group while at the same time marking the next development phase for Gojek, Tokopedia, and GoTo Financial Jakarta (ANTARA) - Two Indonesian start-ups -- Gojek and Tokopedia -- declared the formation of the GoTo Group resulting from the merging of their services. According to a statement received here, Monday, Gojek's Co-CEO, Andre Soelistyo, will assume the role of the Group's CEO, while Tokopedia's Preside...

The new company will be led by Gojek's Andre Soelistyo as group CEO and Tokopedia's Patrick Cao will be group president. Kevin Aluwi will remain CEO of Gojek and William Tanuwijaya will continue to lead Tokopedia. Soelistyo will also lead the payments and financial services unit, which will be rebranded as GoTo Financial. The merger will likely help Gojek and Tokopedia to take on larger, regional rivals such as Singapore-headquartered Grab and internet company Sea, which operates e-commerce platform Shopee and has a digital payments and financial services business. Sea has a market value of m...

Publishing date: May 17, 2021  •  1 hour ago  •  3 minute read  •  Article content SINGAPORE — 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. The combined entity, which will span online shopping, courier services, ride-hailing, food delivery and other services in Southeast Asia’s largest economy, will be the biggest privately held technology firm in the region. It plans to list in Indones...

A Unicorn With Two Horns? Gojek, Tokopedia to Merge The largest-ever merger in Indonesian history will combine the country's two best-known online brands. May 17, 2021 | 08:00 AM EDT The largest Asian tech merger in history will combine Indonesia's best-known unicorns: the ride-hailing company Gojek and the e-commerce marketplace Tokopedia. The combined company, GoTo Group, will have a valuation of around US$18 billion, based on the latest fundraising for each company. U.S. investors may want to track the combined entity, with a potential stock-market listing in 2022. The companies, w...