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A May 18 Indonesian newspaper ad promotes the merger between Gojek and Tokopedia.   © EPA/Jiji
Business Spotlight

GoTo sets up three-way battle for Southeast Asian tech dominance

Listing plans by Grab and Gojek-Tokopedia put focus on profitability

AKITO TANAKA, Nikkei Asia chief business news correspondent | Southeast Asia

SINGAPORE -- Imagine if U.S. e-commerce giant Amazon, food delivery company DoorDash and ride-hailing app Uber Technologies were to join forces. That is the potential that the Gojek-Tokopedia partnership holds for Indonesia, the world's fourth-most-populous nation and one of the fastest-growing digital economies.

Gojek and Tokopedia -- already unicorns in their own right -- on Monday announced they will merge and create a holding company dubbed GoTo Group, covering everything from ride-hailing and food delivery to digital payments and online shopping.

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