The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The e-commerce and ride-hailing giants are looking to reach an agreement as early as this month, people familiar with the matter told Bloomberg.
“Gojek has become the service provider of anything and everything that you need in your life, except e-commerce,” Svida Alisjahbana, a Jakarta-based media mogul, said last year. This merger would change that by combining Indonesia’s most valuable start-ups into a single entity spanning online shopping, delivery, ride hailing and mobile wallets, which the parties plan to list in the US and Indonesia, the sources said, at a target valuation between $35 billion and $40 billion.
Founded in 2010, Gojek now has over 170 million users across five countries in Southeast Asia: Indonesia, Vietnam, Singapore, Thailand, and the Philippines. Meanwhile, Tokopedia was founded in 2009 and boasts over 100 million monthly active users. The start-ups share investors like Google, Temasek Holdings and Sequoia Capital India.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.