ASEAN BUSINESS: NEWS ANALYSIS
Gojek-Tokopedia merger to rival Grab in region
Merged entity is expected to have a combined value of US$18b but once listed, that valuation could rise multi-fold
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Jakarta
INDONESIA is about to launch a tech giant that will rival Grab in the region in terms of size and investor interest.
Sources told The Business Times that ride-hailing giant Gojek and e-commerce player Tokopedia will finalise a merger this year and seek a listing in 2022.
