Sunday, January 29, 2023
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Automotive

Grab Reportedly Planning Merger Of Indonesian Payment Firms To Take On Gojek

by John Law
September 11, 2019
53
SHARES
Share on FacebookShare on Twitter

Grab’s biggest shareholder, SoftBank, is reportedly planning of building up heft and power in order to surpass the Indonesian ride-sharing company, Gojek. According to Reuters, it is currently in talks of merging Indonesian firm OVO with another local, Ant Financial-backed company to “build heft and power” ahead of Gojek.

It is believed that if SoftBank’s talks are successful, it would see Grab buying a majority interest in an Ant-backed company called DANA that is, in turn, a part of another conglomerate called Elang Makhota Teknologi (Emtek) and merge it with OVO.

There is little doubt that the move is a strategic play and consolidation of power by SoftBank. In an effort to strengthen Grab’s foothold over the market against Gojek. Financially, both Grab and Gojek are valued at US$14 billion (~RM58 billion) and US$10 billion (~RM41.8 billion) respectively, with the former having been a dominant force in Southeast Asia after the exit of its major rival, Uber, last year.

ADVERTISEMENT

(Image source: Detikcom.)

The potential merger is not without its own set of reservations. Ant Financial, one of companies involved in the deal, says that the deal could potentially unsettle payment partnerships with its local partners in Malaysia, Thailand, and the Philippines.

(Source: Reuters)

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

Tags: GojekGrab
Back to top
Share21Tweet13SendShare

RELATED ARTICLES

Grab Car e-hailing price fare app
E-Hailing

Grab Effectively Increases Klang Valley Peak Hour Fares To Compensate Driver-Partners

by Heirul Kamel
January 16, 2023
Grab PayLater
Fintech

Grab’s PayLater Payment Options Now Available At Physical Stores

by Chief Chapree
November 30, 2022
Grab GrabFood Saver Delivery Option Pilot
E-commerce

GrabFood Trials New “Saver” Delivery Option For Certain Locations In Malaysia

by Heirul Kamel
November 2, 2022
Quiet Ride - Grab Malaysia
E-Hailing

Grab To Introduce Quiet Ride In Malaysia: Currently On Trial In Selected Areas

by Chief Chapree
September 30, 2022
Load More

ADVERTISEMENT

LOWYAT.TV

No Result
View All Result

TRENDING TODAY

  1. 1
    Fintech

    Touch ‘n Go To Be Scrutinise By KPDN’s Task Force Soon

  2. 2
    Entertainment

    Malaysia’s First IMAX With Laser Hall Is Now Open At GSC IOI City Mall East

  3. 3
    Automotive

    The First TNB Electron DC Fast Chargers Are Now Operational

  4. 4
    Automotive

    Grab Reportedly Planning Merger Of Indonesian Payment Firms To Take On Gojek

  5. 5
    Computing

    The New Mac mini M2 And M2 Pro Are Made In Malaysia

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies to improve your experience. Learn More.