Ride-Hailing Firm Go-Jek to Expand Abroad

Go-Jek on Thursday (24/05) said it would enter Vietnam, Thailand, Singapore and the Philippines in the next few months. (Reuters Photo/Darren Whiteside)

By : Jack Kim and Aradhana Aravindan | on 9:27 AM May 24, 2018
Category : Business, Corporate News, Featured

Singapore. Indonesian ride-hailing and online payment firm Go-Jek on Thursday (24/05) said it would enter Vietnam, Thailand, Singapore and the Philippines in the next few months, investing $500 million in its international push.

The move will start with ride-hailing services before expanding to other sectors, Go-Jek said in a statement.

"People in Vietnam, Thailand, Singapore and the Philippines don't feel that they're getting enough [choice] when it comes to ride-hailing," chief executive Nadiem Makarim said in the statement.

The announcement comes after Uber Technologies Inc sold its Southeast Asian operations to local competitor Grab.

Go-Jek said it was working with regulators and other stakeholders across the region to prepare for the new operations.

The expansion follows Go-Jek's latest round of fundraising, which brought investment from companies including Astra International, JD.COM, Tencent and Temasek.

Reuters

Show More

 
MORE NEWS