According to a report by Bloomberg, Indonesian unicorns Gojek and Tokopedia are merging into GoTo. The company will be made up of Gojek's ride-hailing operations, Tokopedia's e-commerce business and a designated fintech unit. Gojek's and Tokopedia's combined valuations on CB Insights would make GoTo the 12th highest-valued startup in the world, worth $17 billion. The merger would create an Indonesia presence among the top 20 unicorns in the world, which consisted of mainly Chinese and U.S. companies as well as one Swedish (Klarna), one Brazilian (Nubank), one Indian (One97 Communications), one British (Checkout.com) According to the CB Insights unicorn list, Chinese AI company Bytedance is the highest-valued startup – currently private, up-and-coming company – in the world.

According to analyst CB Insights, Chinese AI company Bytedance is the highest-valued startup – currently private, up-and-coming company – in the world. The venture which is valued at $75 billion is running content platform Toutiao in China, which uses machine learning to tailor a newsfeed for each individual viewer out of traditional and new media sources. The second highest-valued startup according to CB Insights is also from China – ride-hailing service Didi valued at $56 billion. U.S companies now make up only 40 percent of the top 10, down from 60 percent a year ago when Juul Labs and WeWork still made the top 10. The remaining four U.S. startups, Stripe, Airbnb, Space X and Epic Games are valued at between $15 billion and $36 billion.

According to analyst CB Insights, Chinese AI company Bytedance is the highest-valued startup – currently private, up-and-coming company – in the world. The venture, which is valued at US$75 billion, is running content platform Toutiao in China, which uses machine learning to tailor a newsfeed for each individual viewer out of traditional and new media sources. The second highest-valued startup according to CB Insights is also from China – ride-hailing service Didi valued at US$56 billion – but U.S companies make up the bulk of the top 10. Juul Labs, WeWork, Airbnb, Space X and Epic Games are all valued at US$15 billion or more. A total of 21 companies in the ranking were valued at US$10 billion or more, making them decacorns.