Tag: Indonesias


Indonesia’s web start-ups Gojek and Tokopedia announce merger

A Gojek driver checks his mobile cellphone in Jakarta, Indonesia on Jan. 5, 2021.Dimas Ardian | Bloomberg | Getty PicturesIndonesia ride-hailing and funds agency Gojek on Monday introduced its merger with e-commerce player Tokopedia to type the GoTo Group.With out disclosing the worth of the transaction, Gojek claimed the settlement marked the biggest enterprise deal within the nation's historical past. The last word objective is claimed to be a possible IPO with an anticipated public markets valuation goal between $35 billion and $40 billion, Bloomberg reported in February.The brand new firm shall be led by Gojek's Andre Soelistyo as group CEO and Tokopedia's Patrick Cao shall be group president. Kevin Aluwi will stay CEO of Gojek and William Tanuwijaya will proceed to guide Tokopedia. So...

Indonesia’s Sinabung spews column of volcanic ash into sky

Villages close to the volcano in North Sumatra province have been relocated after previous eruptions, and there have been no additional evacuations or casualties from the brand new blast. Folks have been suggested to remain 5 kilometers (3.1 miles) from the crater’s mouth and to pay attention to ashfall and avalanches of volcanic particles. Source link