The combination of Gojek and Tokopedia, two leading Indonesian platforms, is no surprise.
It has been telegraphed for a while and became a necessity once Grab – Gojek’s closest equivalent in southeast Asia – opted out of a merger with its Indonesian counterpart and instead opted to boost its capital through a special purpose acquisition company (Spac) listing.
The new business, to be called GoTo Group, has a lot going for it.
In combination, its legacy businesses had gross transaction value of more than $22 billion through 1.8
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