Indonesia’s tech scene in asia-digital-economy-to-hit-300b-by-2025-3/" title="Southeast Asia Digital Economy to Hit 300B by 2025">Southeast Asia saw a major shakeup in the last 24 hours, with GoTo Group announcing a significant leadership change. The company, a key player in ride-hailing, e-commerce, and fintech, nominated Chief Operating Officer Hans Patuwo to replace Patrick Walujo as CEO. This follows Walujo’s resignation, confirmed in an official statement on November 24, 2025. The transition is tied to an upcoming extraordinary shareholders’ meeting on December 17, 2025, where the nomination will be voted on.

This move matters because GoTo is one of Indonesia’s largest tech firms, and it’s navigating tough market conditions in a digital economy projected to reach $300 billion across Southeast Asia by the end of 2025. Reports from sources like Bloomberg and DealStreetAsia suggest the change could accelerate a potential merger with Singapore-based Grab, where Indonesia’s government holds a “golden share” for oversight. It reflects broader efforts to boost profitability and streamline operations amid regional competition and economic uncertainty. Posts on X echo this sentiment, with users highlighting the focus on execution and stability.

While details on the merger remain unconfirmed, the leadership shift signals GoTo’s push for stronger positioning in AI, payments, and digital services—areas where Southeast Asia’s tech ecosystem is consolidating rapidly.

Watch for the shareholders’ meeting outcome next month, as it could clarify merger talks and impact investor confidence in Indonesia’s startup landscape. Any updates on regulatory approvals from Indonesian authorities will also be key, given the government’s influence.