GoTo – A Merger of Indonesian Digital Giants

GoTo – A Merger of Indonesian Digital Giants
Case Code: BSTR653
Case Length: 12 Pages
Period: 2016-22
Pub Date: 2023
Teaching Note: Available
Price: Rs.400
Organization : PT GoTo Gojek Tokopedia Tbk
Industry : e-commerce
Countries : Indonesia
Themes: Strategic Alliances, Business Environment
GoTo – A Merger of Indonesian Digital Giants
Abstract Case Intro 1 Case Intro 2 Excerpts

Introduction

According to research conducted by leading Management consultancy firm McKinsey & Company, Indonesia’s digital economy was expected to be worth of US$150 billion by the year 2025 . The Association of Southeast Asian Nations (ASEAN) was expected to witness a huge growth, and Indonesia, ASEAN’s largest economy, was expected to turn into a consumption based economy (Refer to Exhibit I Forecasted Economic Growth and Demand Opportunities in Indonesia). To leverage on the forecasted situation, two Indonesian companies – ride hailing giant PT Gojek Indonesia (Gojek) and marketplace PT Tokopedia (Tokopedia) – merged on May 17, 2021, to form a new entity “GoTo”..

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