Gojek exits Thai market, sells business to AirAsia


JAKARTA (The Jakarta Post/ANN): Two months after its merger with e-commerce giant Tokopedia, ride-hailing and payments firm Gojek has announced it will quit the Thai market and begin focusing on two markets where it has gained the upper hand: Singapore and Vietnam.

The Jakarta-based firm has sold its Thai business to Malaysian budget carrier Air Asia Group in a stock swap, an exchange that will give Gojek a 4.76 per cent stake in the airline’s lifestyle app, AirAsia SuperApp.

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Indonesia , Thailand , Gojek , AirAsia

   

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