Gojek to Focus on Vietnam and Singapore Expansion, Selling Its Thailand Branch to AirAsia
Gojek's Thai business was sold to AirAsia at $50 million (approximately 700 billion Rupiah) with additional share mechanism
Low-cost carrier AirAsia officially acquired Gojek's Thai business as a solid step into the digital business. As part of this agreement, Gojek will receive 4.76% of AirAsia's super app service stake.
As reported by Nikkei Asia, the deal was taken as AirAsia exploring delivery growth in Thailand. Gojek alone wants to shift its regional business focus to Vietnam and Singapore.
According to AirAsia's disclosure quoted by Nikkei, AirAsia's super app business is worth $1 billion (around 14 trillion Rupiah), while Thailand's Gojek is worth $50 million (around 700 billion Rupiah).
Already have an account? Login
Not ready to subscribe yet? Purchase and access this article
Subscribe to keep reading and get unlimited premium article access with all subscription benefit
Subscribe and get:
- Access to premium article
- Download paid research
- Premium newsletter
- Ads free
Choose your subscription period:
Rp 150,000 /month
Pay for a month
- Rp 450,000
Rp 350,000 /quarter
Pay for 3 months
- Rp 1,800,000
Rp 1,033,000 /year
Pay for a year