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Due to lack of competition .
Summarise
[JAKARTA] Indonesia is discussing a possible merger or acquisition between ride-hailing and food delivery firm Grab and its rival GoTo, the presidential spokesperson said on Friday (Nov 7).
The government considers the ride-hailing industry as strategic for job creation and vital to the economy. GoTo’s Gojek unit alone has more than 3.1 million online riders, and GoTo and Grab have dominated the Indonesian market for years.
A combined entity would hold a market share of over 91 per cent in Indonesia, according to data analytics company, Euromonitor International.
Indonesia discussing plan for merger of Grab and GoTo: official
A combined entity would hold a market share of over 91 per cent in Indonesia.Summarise
- GoTo’s Gojek unit alone has more than 3.1 million online riders in Indonesia, and GoTo and Grab have dominated the country's market for years. PHOTO: BT FILE
- GoTo’s Gojek unit alone has more than 3.1 million online riders in Indonesia, and GoTo and Grab have dominated the country's market for years. PHOTO: BT FILE
- GoTo’s Gojek unit alone has more than 3.1 million online riders in Indonesia, and GoTo and Grab have dominated the country's market for years. PHOTO: BT FILE
- GoTo’s Gojek unit alone has more than 3.1 million online riders in Indonesia, and GoTo and Grab have dominated the country's market for years. PHOTO: BT FILE
- GoTo’s Gojek unit alone has more than 3.1 million online riders in Indonesia, and GoTo and Grab have dominated the country's market for years. PHOTO: BT FILE
[JAKARTA] Indonesia is discussing a possible merger or acquisition between ride-hailing and food delivery firm Grab and its rival GoTo, the presidential spokesperson said on Friday (Nov 7).
The government considers the ride-hailing industry as strategic for job creation and vital to the economy. GoTo’s Gojek unit alone has more than 3.1 million online riders, and GoTo and Grab have dominated the Indonesian market for years.
A combined entity would hold a market share of over 91 per cent in Indonesia, according to data analytics company, Euromonitor International.