The merger of Gojek and Tokopedia sets up Southeast Asia for a battle of the “superapps." Underserved consumers in Southeast Asia are likely to benefit too, as digital financial services expand rapidly. The two Indonesian companies said Monday they will merge to create a company that spans ride-hailing, e-commerce and financial services. Apart from getting financial backing, these upstarts in Southeast Asia are also taking a page from Chinese internet giants’ business strategies. This could eventually be an issue in Southeast Asia too, but so far governments seem to be supportive.

Source: Mint May 18, 2021 12:32 UTC