Core Viewpoint - GoTo Group has appointed a new CEO, Hans Patuwo, to replace Patrick Walujo, aiming to expedite the takeover by Grab Holdings Ltd, following pressure from investors due to poor stock performance [1][2] Leadership Changes - Hans Patuwo, the new CEO, is expected to lead GoTo through a challenging period and revive discussions regarding a merger with Grab [4] - Co-founder Andre Soelistyo has been appointed to the board of commissioners, indicating a shift in governance structure [8][9] Market Reaction - Following the announcement, GoTo's shares rose by 6.3%, bringing its market value to approximately $5 billion, while Grab's market capitalization stands at $20 billion [3] Strategic Implications - The leadership change may signal a renewed focus on operations and could facilitate the long-stalled merger discussions with Grab, especially with the Indonesian government's involvement [3][4] - Indonesia's sovereign wealth fund, Danantara, is exploring a minority stake in a potential combined entity, which could alleviate monopoly concerns and protect consumer interests [5][6] Background of New CEO - Hans Patuwo has over seven years of experience at GoTo, previously working in various roles including heading payments and financial services [7]

Core Insights - Tencent Cloud and Indonesia's largest internet technology company GoTo Group announced the successful migration of GoTo's ride-hailing and delivery service Gojek to Tencent Cloud [1] Group 1: Migration Details - The migration involved over 1,000 microservices, highlighting the complexity and difficulty of the cutover process [1] - The collaboration between Gojek and Tencent Cloud teams lasted for 8 months, focusing on professional research and planning [1] - The migration utilized over 50 Tencent Cloud products, including CVM, CBS, WAF, TKE, and ES, ensuring thorough preparation, testing, and rehearsals [1] Group 2: Migration Execution - The actual cutover took 4 hours and 54 minutes, completing one hour ahead of the original schedule [1] - The migration was executed smoothly, indicating effective coordination between the teams involved [1]