Gojek's co-CEO Andre Soelistyo would serve as CEO of GoTo as well as lead GoTo Financial, while Kevin Aluwi would remain as Gojek CEO. "Our focus will be on strengthening local market connections through partnerships, continued enhancements to user experience and expanding our operations and footprint," she added.Īccording to Gojek's website, the ride-sharing operator currently offers its services in 207 cities across five Southeast Asian markets, including Singapore, Vietnam, and Thailand. Responding to questions about its expansion plans in the region, she said GoTo would continue to focus on fast-growing and emerging markets where Gojek already operated, as it aimed to boost its market share and "become a truly international player". "We have just completed this significant milestone and our immediate priority is to focus on integration and making sure we provide the best platform for the millions of consumers, merchants, and partners in our ecosystem," she said in an email to ZDNet. She also acknowledged the high interest in the company's potential plans for public listing, noting that any news here would be announced when it was ready to do so.
The merger was supported by the companies' existing investors, which included Alibaba Group, Facebook, Google, JD.com, Temasek Holdings, Visa, and Tencent.Ī GoTo spokesperson told ZDNet the company now was the biggest tech company in Indonesia and the country's largest merger.Īsked about the deal's financial details and share distribution, the spokesperson said the agreement was "an equal union" of both companies, with "equal executive representation" on the board. Retail organisations that neglected to build a robust online infrastructure now should realise digital can no longer be an optional sideline and look to move forward by tapping digital technologies to support their physical stores.
Singapore retailers must reassess digital strategy post-pandemic