Indonesia's Go-Jek going into Singapore, Vietnam, Thailand, Philippines
It's investing US$500 million in next four months for first expansion outside Indonesian home base
[SINGAPORE] INDONESIA's ride-hailing startup Go-Jek is making its first move outside its home base, announcing on Thursday that it will invest about US$500 million to spread into four new markets in the next four months - Singapore, Vietnam, Thailand and the Philippines.
This will bring it up against Singapore-based Grab, which already operates in Indonesia, South-east Asia's largest ride-hailing market, and is fresh from its takeover of Uber's ride-ha…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Asean
Thailand’s 500 billion baht handout aims to boost overall economy, not geared to poor: official
Indonesia’s central bank surprises with “pre-emptive” rate hike to cushion falling rupiah
Capital A chief Fernandes defers retirement, renews contract for five years
Thai central bank says holding key rate steady creates ‘policy optionality’
Vietnam holds first gold auction in 11 years to stabilise market
8 in 10 firms in S-E Asia, Greater China positive about business environment: UOB survey