Indonesia’s two most valuable homegrown tech companies announced on May 17th that they are merging, marking an important turning point in the growth of Southeast Asia’s digital economy. Ride-hailing decacorn Gojek and e-commerce leader Tokopedia will be combining their businesses into a new entity called GoTo. At an expected valuation of at least $18 bn, GoTo will be the…
Summits are high-stakes affairs, particularly for their hosts. The format of relatively free and unsupported interaction between leaders leaves more to chance than the final, carefully drafted communiques suggest. The strength or weakness of relationships comes to the fore. The ability of the chair to forge a path through the competing egos and interests matters.