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SoftBank and Alibaba take top stakes in Indonesia's GoTo

Merged digital startups Gojek and Tokopedia aim to go public by end of year

GoTo, which merges Indonesian unicorns Gojek and Tokopedia, has Japan's SoftBank and China's Alibaba as major investors. (Source photos by AP and GoTo Group)

JAKARTA -- Japan's SoftBank and China's Alibaba are positioned to capitalize on any gains from the merger of Indonesia's top tech unicorns Gojek and Tokopedia after becoming the two biggest shareholders in the newly formed GoTo Group.

Gojek, a "super app" for ride-hailing, financial and other services, and e-commerce-focused Tokopedia announced on Monday they are uniting under a holding company.

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