Why the Gojek and Tokopedia merger is set to fuel Alibaba and Tencent’s competition in Southeast Asia

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Two of Indonesia’s biggest startups, e-commerce marketplace Tokopedia and ride-hailing service Gojek, joined forces last month to merge as the GoTo group, giving birth to a regional technology powerhouse that accounts for 2% of the Southeast Asian country’s GDP. The newly merged entity, valued at USD 18 billion with tentacles spanning across e-commerce, ride-hailing, logistics, and financial services, has a…
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