Big Asia merger creates $18 billion ride-hailing and e-commerce group


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Big Asia merger creates $18 billion ride-hailing and e-commerce group 47 mins ago 12 min read New Delhi (CNN Business) Gojek and Tokopedia — two of Indonesia’s biggest startups — have agreed to merge to create the largest tech group in the country and one of the biggest ride-hailing and e-commerce companies in southeast Asia. The new entity will be called GoTo Group, the two companies said in statement Monday, and is backed by tech heavyweights including Alibaba ( BABA ) , Tencent ( TCEHY ) , Facebook ( FB ) , Google ( GOOGL ) and SoftBank ( SFTBF...