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PT Goto Gojek Tokopedia Tbk (FRA:CK8) Short-term investments


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What is PT Goto Gojek Tokopedia Tbk Short-term investments?

Short-term investments only applies to insurance companies.

PT Goto Gojek Tokopedia Tbk Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » PT Goto Gojek Tokopedia Tbk (FRA:CK8) » Definitions » Short-term investments
Comparable Companies
ISX:CYBR ISX:WGSH ISX:MPIX ISX:HDIT MSFT ORCL PLTR PANW CRWD FTNT SNPS XAMS:ADYEN NET XYZ ZS GDDY CHKP CPAY VRSN IOT
Traded in Other Exchanges
GTOFF:USA GOTO:Indonesia
Address
Jalan Iskandarsyah II No. 2, Gedung Pasaraya Blok M, 6-7th Floor, Jakarta, IDN, 12160
Website
https://www.gotocompany.com
GoTo is an Indonesian ecosystem that combines ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021, but recently divested the e-commerce business into a combined entity with TikTok Indonesia in 2024. Looking ahead, we expect the on-demand service to account for the majority of revenue while its financial services begin to ramp. Prior to the deconsolidation, 82% of nonfinancial services gross transactional value came from e-commerce, and the firm will begin to expand into financial services such as providing loans and buy now, pay later programs. The company competes with Grab in the ride-hailing and delivery business, and Sea and Lazada for e-commerce.