JAKARTA — Alibaba, through its subsidiary Taobao China Holding Limited, is set to maintain its substantial stake as a key shareholder in PT GoTo Gojek Tokopedia Tbk. (GOTO) for the period extending through September 2025. This continued commitment underscores Alibaba’s confidence in the Indonesian technology giant.
Alibaba’s subsidiary, Taobao China Holding Limited, remains one of GOTO’s principal shareholders, commanding a significant ownership percentage exceeding 5%. According to data released by PT Kustodian Sentral Efek Indonesia (KSEI) on Sunday, September 7, 2025, Taobao’s holdings in GOTO amounted to 88.53 billion shares, representing a 7.43% stake as of September 3, 2025.
On the Indonesia Stock Exchange (IDX), GOTO’s shares demonstrated an upward trend, strengthening by 1.72% on Thursday, September 4, 2025. Despite this recent uptick, the share price of Rp59 reflects a 16.90% year-to-date (YTD) correction for 2025, indicating broader market dynamics affecting its valuation.
The Indonesian technology powerhouse, GOTO, reported impressive financial growth, achieving a 23% quarter-on-quarter (QoQ) performance increase in the second quarter of 2025. The company’s revenue for Q2 2025 reached a robust Rp4.32 trillion, marking a significant rise from Rp3.6 trillion recorded in Q2 2024. This growth highlights GOTO’s expanding operational scale and market penetration.
Furthermore, GOTO delivered a remarkable turnaround in its financial health, posting an adjusted EBITDA of Rp427 billion in Q2 2025. This represents a substantial improvement from a negative adjusted EBITDA of Rp85 billion in Q2 2024. Notably, this Rp427 billion figure stands as GOTO’s highest-ever adjusted EBITDA, signaling a pivotal moment in the company’s profitability journey.
Patrick Walujo, President Director of GOTO, emphasized this milestone, stating that Q2 2025 marked a new record for the company. He highlighted that core Gross Transaction Value (GTV), net revenue, EBITDA, and adjusted EBITDA all achieved new all-time highs during this period. “We remain on track to achieve our performance guidance in line with our efforts to create a sustainable, customer-focused technology business that supports the lives of millions of driver-partners and merchant-partners across Indonesia,” Patrick affirmed, reiterating GOTO’s commitment to long-term sustainable growth and ecosystem support.
GoTo Gojek Tokopedia Tbk – TradingView
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Summary
Alibaba, via its subsidiary Taobao China Holding Limited, will maintain its substantial 7.43% stake in PT GoTo Gojek Tokopedia Tbk (GOTO) through September 2025, reflecting continued confidence. GOTO reported impressive financial growth in Q2 2025, with revenue reaching Rp4.32 trillion, a 23% quarter-on-quarter increase. Notably, the company achieved a record-high adjusted EBITDA of Rp427 billion, a significant turnaround from a negative figure in Q2 2024.
This positive performance, highlighted by President Director Patrick Walujo as setting new records for key metrics like GTV and net revenue, signifies a pivotal moment in GOTO’s profitability. Despite a 1.72% share price increase on September 4, 2025, GOTO’s stock currently stands at Rp59, reflecting a 16.90% year-to-date correction for 2025.