The deal is expected to close this month, with Gojek taking a 60% stake in GoTo.

Bukalapak has reportedly hired Bank Mandiri’s securities arm to seek a merger with a US-based blank-check company.

In just 12 months, Shopee has reduced its additional package fee for couriers four times, now down to a mere USD 0.10 per package.

Unfazed by the competition, Bhasin said the company’s auto sector is the most-visited auto classifieds platform in the region.

The new facility adds to the long list of global companies building digital infrastructure in Indonesia.

Two to three billion-dollar startups will emerge in the next five years on the back of growth in Indonesia’s tier-2 and tier-3 cities.

Employee stock ownership plans are on the rise in Indonesia. Experts predict the country to be a ‘substantial market’ for such employee benefit systems.

Malaysia has been the most impacted with over 11 million being exposed, followed by Singapore with 3 million, and 879,699 users in the Philippines.