Grab may face tougher fight in Indonesia if Gojek, Tokopedia merge
Indonesia's ride-hailing giant and e-commerce pioneer reportedly exploring US$18b merger ahead of plan to go public in US and Indonesia
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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.
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