The CEO of Indonesian super app GoTo is reportedly still weighing a merger with rival Grab. Patrick Walujo made those comments to the Financial Times (FT) in an interview published Wednesday (March 12), while also revealing his company’s first annual profit. “I will always be open to anything that...
TikTok and GoTo, the largest digital ecosystem in Indonesia, announced the formation of a strategic partnership in Indonesia. With this deal, GoTo’s eCommerce company Tokopedia and TikTok Shop Indonesia have combined under the PT Tokopedia entity that is now jointly owned by GoTo and TikTok, the companies said in a Wednesday...
TikTok is reportedly investing $1.5 billion in Tokopedia to salvage its Indonesian eCommerce efforts. The company is set to take a controlling 75.01% stake in Tokopedia, the eCommerce arm of Indonesia’s GoTo Group, according to a letter Monday (Dec. 11) to GoTo investors seen by the Financial Times (FT). Under the deal,...
TikTok is reportedly turning to GoTo to revive its crucial Indonesian eCommerce business. The two firms are working on a plan — which could be finalized in the next few weeks — that would see TikTok invest in Indonesia-based GoTo’s online shopping arm Tokopedia, Bloomberg News reported Wednesday (Nov. 22),...
March 26, 2025
Singapore-based ride-hailing/delivery platform Grab is reportedly trying to raise funds to acquire rival GoTo. The company is in discussions to obtain a bridge loan of up to $2 billion for the deal, Bloomberg News reported Wednesday (March 26), citing sources familiar with the matter. Grab is also considering a bond or equity takeout after securing the loan, one of […]
March 12, 2025
The CEO of Indonesian super app GoTo is reportedly still weighing a merger with rival Grab. Patrick Walujo made those comments to the Financial Times (FT) in an interview published Wednesday (March 12), while...
January 31, 2024
TikTok and GoTo, the largest digital ecosystem in Indonesia, announced the formation of a strategic partnership in Indonesia. With this deal, GoTo’s eCommerce company Tokopedia and TikTok Shop Indonesia have combined under the PT Tokopedia entity...
December 11, 2023
TikTok is reportedly investing $1.5 billion in Tokopedia to salvage its Indonesian eCommerce efforts. The company is set to take a controlling 75.01% stake in Tokopedia, the eCommerce arm of Indonesia’s GoTo Group, according to a letter...