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Analysis: Be it Grab or Tokopedia, industry players outline Gojek's possible merger impact on ad industry

Details
13 January 2021
Gojek has been thrust into the spotlight recently for alleged merger talks with Grab and Tokopedia respectively. The Indonesian ride-hailing app was reportedly in advanced merger talks with Tokopedia to seal a US$18 billion deal while it allegedly also made substantial progress to merge with Grab.
Both Grab and Tokopedia have solidified their reputation in their respective industries. Grab s net revenue increased by 70% in 2020 and returned to well over 100% of pre-COVID levels . According to enterprise intelligence company Craft, Grab was last valued in 2019 at more than US$14 billion. Meanwhile, Craft said Tokopedia was last valued in 2018 at US$7 billion and was said to have obtained US$350 million funding from Google and Temasek Holdings last October. Meanwhile, Gojek is valued at US$10 billion, according to Bloomberg. While this might seem like a business merger unrelated to the advertising and market ....

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How Pomelo and Grab created their own streetwear cred

Video
Fashion platform Pomelo and super app Grab joined forces in 2020 to produce limited-edition fashion merchandise as both brands look to provide new experiences for their consumers. Marketing leads from both brands take The Drum under the hood of their partnership.
Thailand-based Pomelo is always keen to partner with brands on initiatives that will make an impact, Jean Thomas, the chief marketing officer at Pomelo explains to The Drum. That is why the platform collaborated with Grab to create this collection to bring its customers and fans “an unexpected surprise”, pushing the boundaries of what a fashion collaboration can be. ....

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In Singapore, Uber's appeal against S$6.58m fine for anti-competitive Grab merger dismissed | Singapore

Wednesday, 13 Jan 2021 06:35 PM MYT
The Competition Appeal Board has upheld a financial penalty imposed on Uber over its merger with former rival Grab. TODAY pic
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SINGAPORE, Jan 13 An appeal by ride-hailing firm Uber against a S$6.58 million (RM20 million) financial penalty for its merger with former rival Grab in 2018 has been dismissed, the Competition and Consumer Commission of Singapore (CCCS) said in a statement today.
CCCS had deemed that the American ride-hailing giant’s sale of its South-east Asian business to Grab for a 27.5 per cent stake in the latter had resulted in a “substantial lessening in competition” in the ride-hailing platform market here. ....

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50 booked over attempt to grab nine-acre land of expat Pakistani

National
January 9, 2021
LAHORE: Police Friday registered a case against around 50 people for allegedly kidnapping the employees of an expatriate and grabbing the family land in Kahna.
An expatriate, Sohaib Khursheed, lodged a complaint with the police that his sister-in-law, Mehreen Chaudhry, was constructing a farmhouse on nine-acre land of the family in Kahna Nau area. He said two rooms and the boundary wall had been constructed. However, he stated, when the construction was under way, around 50 armed men including Muhammad Awais, Muhammad Haseeb, Muhammad Shoaib, Adil Sindhu, etc., attacked the farmhouse late Thursday night. He said the armed men held the servants Momin Shah and Abidullah at gunpoint and demolished the newly constructed wall and the two rooms, causing a loss of over Rs2 million. They also took away generators, sanitary items, floor tiles and furniture worth Rs2 million from the site. ....

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Gojek and Tokopedia reportedly in talks for US$18bn merger deal

Gojek and Tokopedia reportedly in talks for US$18bn merger deal
Details
06 January 2021
Indonesia s decacorn Gojek and unicorn Tokopedia are reportedly in advanced talks of a merger to seal a US$18 billion merger ahead of a potential dual listing in Jakarta and the United States. Citing people familiar with the matter, Bloomberg reported that both companies see potential synergies and are looking to close the deal in the coming months. It is added that the merged entity will create an Indonesian internet powerhouse, with businesses ranging from ride-hailing and payments to online shopping and delivery. There are also reportedly plans to go public in Indonesia and the United States. ....

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