The Gojek sign is seen on the company's building in Jakarta, Indonesia. The ride-hailing and payments giant is reportedly in advanced discussions about merging with local e-commerce pioneer Tokopedia. Photo: Bloomberg The Gojek sign is seen on the company's building in Jakarta, Indonesia. The ride-hailing and payments giant is reportedly in advanced discussions about merging with local e-commerce pioneer Tokopedia. Photo: Bloomberg
The Gojek sign is seen on the company's building in Jakarta, Indonesia. The ride-hailing and payments giant is reportedly in advanced discussions about merging with local e-commerce pioneer Tokopedia. Photo: Bloomberg
Jianggan Li
Opinion

Opinion

Jianggan Li

Why a Gojek-Tokopedia merger should be treated with caution by investors

  • Indonesia’s two most valuable start-ups are reportedly in talks as they lose money and market share. But will a merger make them more viable?
  • Tokopedia is under threat from Shopee, part of the Singapore-based Sea Group, while Gojek is facing pressure from ride-hailing rival Grab

The Gojek sign is seen on the company's building in Jakarta, Indonesia. The ride-hailing and payments giant is reportedly in advanced discussions about merging with local e-commerce pioneer Tokopedia. Photo: Bloomberg The Gojek sign is seen on the company's building in Jakarta, Indonesia. The ride-hailing and payments giant is reportedly in advanced discussions about merging with local e-commerce pioneer Tokopedia. Photo: Bloomberg
The Gojek sign is seen on the company's building in Jakarta, Indonesia. The ride-hailing and payments giant is reportedly in advanced discussions about merging with local e-commerce pioneer Tokopedia. Photo: Bloomberg
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Jianggan Li

Jianggan Li

Jianggan Li is the founder and CEO of Momentum Works, a Singapore-headquartered venture outfit. He previously co-founded Easy Taxi in Asia, and served as managing director of Foodpanda. He holds an MBA from INSEAD and a degree in Computer Engineering from Nanyang Technological University. Apart from English and his native Mandarin, he is also fluent in French and conversational in Cantonese and Spanish.