Indonesian Unicorns Merge, Creating Tech Giant
Two of Indonesia's most successful start-ups are to merge, the companies announced on Monday, creating the largest tech firm in the world's fourth most populous country.Ride-hailing and payments giant Gojek and e-commerce firm Tokopedia – which generated transactions worth a combined US$22 billion in 2020 – agreed to form the GoTo Group, they said in a statement.The deal will form an Indonesian tech giant combining e-commerce and financial services with on-demand offerings such as r