Business
Why US investors are going nuts over Asia’s super-app stars – The Australian Financial Review
This week’s merger of Gojek with e-commerce site Tokopedia to form GoTo has paved the way for a three-way fight for dominance in south-east Asia’s booming digital…
The third player is the New York-listed gaming and e-commerce giant Sea Group that boasts a market capitalisation of $US118 billion.
Just as tech giants Apple, Microsoft, Amazon, Google and Facebook have become the biggest listed companies in the US, Sea and soon Grab and GoTo will eclipse more established sectors in the region.
The Singapore-based Sea is already south-east Asias biggest public company. A listed GoTo is expected to nudge Indonesias oldest bank, BRI, valued at $US34 billion, and…
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