AirAsia's Gojek deal turbo-charges its 'Super App' goal: Tony Fernandes
Malaysian budget carrier AirAsia's acquisition of Gojek's established Thailand arm "bodes well" for its ambitions of becoming the Super App of choice in South-east Asia, said AirAsia Group chief executive Tony Fernandes.
"Our aim is to be everywhere in Asean. The deal with Gojek has significantly accelerated the expansion of our plan," he said in response to questions by The Business Times.
On Wednesday, AirAsia announced it will buy Indonesian ride-hailing and payment firm Gojek's Thailand business in a stock swap, giving Gojek a 4.76 per cent stake in the airline's lifestyle platform.
TRENDING NOW
Fed hike throws Singapore banks a margin lifeline; UOB most likely to feel impact
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Real-estate veteran Desmond Sim quits from CEO roles at Realion, ETC
Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part