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Gojek
Broker's Calls
Macquarie initiates coverage on GoTo with 'outperform' call, forecasts 22% upside
“We forecast robust gross revenue uptick for its key segments.”
September 27, 2022
Singapore FinTech Festival 2021
Asean FinTech unicorns riding on structural and behavioural changes
Asean tech start-ups can realise the potential of an integrated Asean market in ways other sectors have not.
November 03, 2021
M&A
Gojek and Tokopedia merge to form GoTo Group, the largest tech group in Indonesia
The group, which hosts e-commerce, on-demand and financial services on one platform, is the largest technology group in Indonesia.
May 17, 2021
M&A
Gojek Co-CEO to head app giant after merger with Tokopedia
Andre Soelistyo is set to become group CEO of the merged entity.
April 20, 2021
M&A
Gojek and Tokopedia to seek investor approval after deciding on merger terms
The managements and boards of both startups are now formally seeking approval for the deal from shareholders.
April 09, 2021
Disruption and Digitalisation
Lender backed by Gojek and GIC to offer banking services through mobile app in Indonesia in March
Bank Jago went from obscurity to Indonesia’s fourth most-valuable listed bank in recent months.
March 05, 2021
M&A
Gojek finalising merger terms with Tokopedia ahead of IPO
The target valuation in the public markets is between US$35 billion and US$40 billion, one of the people said.
February 10, 2021
Banking & finance
Sea Limited and Gojek target Indonesia's 83 million who lack access to banks
Southeast Asia’s digital financial services’ revenue is estimated to be around US$11 billion, or 5% of the regional pie.
January 28, 2021
Broker's Calls
Maybank Kim Eng ups ComfortDelGro's TP on gradual recovery in ridership for 2021
Chan has also upped CDG’s earnings per share (EPS) by 23% to account for operating leverage amid a recovery in ridership.
January 12, 2021
Startups, Entrepreneurs, Digital economy
Insiders tell of Gojek and Tokopedia merger plans with view to US$18 bil IPO
A combined Gojek and Tokopedia would dominate in Indonesia, one of the world’s fastest-growing internet economies.
January 05, 2021