Grab may face tougher fight in Indonesia if Gojek, Tokopedia merge

Singapore

GRAB'S battle to dominate Indonesia, a market widely seen as the crown jewel of South-east Asia, could grow tougher, now that rival Gojek is reportedly exploring a US$18 billion merger with e-commerce giant Tokopedia.

However, this does not imply a straightforward path to success for a merged Gojek-Tokopedia entity. Key obstacles include the fierce rivalry with Sea, as well as difficulties both companies have faced in expanding beyond their domestic markets, industry watchers say.