Indonesia ride-hailing app GoJek says expanding abroad

May 24, 2018
Go-Jek operates a fleet of motorcycle taxis, private cars and other services, from massage and house cleaning to grocery shopping and food delivery

Indonesian ride-hailing app Go-Jek said Thursday it would expand into Vietnam, Thailand, Singapore and the Philippines as it takes on regional rival Grab in the fast-growing Southeast Asian market.

The move marks Go-Jek's first expansion outside Indonesia and comes after US-based Uber this year said it would sell its struggling business in the region to Singapore's Grab.

Go-Jek operates a fleet of motorcycle taxis, private cars and other services—from massage and house cleaning to and food delivery—all available at smartphone users' fingertips.

The company said it would invest $500 million in its international expansion, starting with ride-hailing services in the next few months. Other offerings would follow in the future, it said.

Go-Jek has won financial backing from investors including Google, Singapore's sovereign wealth fund Temasek and Chinese internet giant Tencent.

Southeast Asia's ride-hailing market is expected to reach $20 billion by 2025, according to research done by Google and Temasek.

Explore further: Uber selling Southeast Asia operations to Grab: report

Related Stories

Uber-Grab deal hits speed bump in Singapore

April 13, 2018

Singapore on Friday imposed restrictions on ride-hailing firm Grab's acquisition of Uber's Southeast Asian business until it concludes a probe into whether the sale may have infringed competition rules.

Singapore says Uber-Grab deal may flout competition rules

March 30, 2018

The sale of Uber's Southeast Asian business to Singapore-based rival Grab may have infringed competition rules, a Singapore watchdog said Friday, imposing restrictions on the deal while it carries out an investigation.

Recommended for you

Permanent, wireless self-charging system using NIR band

October 8, 2018

As wearable devices are emerging, there are numerous studies on wireless charging systems. Here, a KAIST research team has developed a permanent, wireless self-charging platform for low-power wearable electronics by converting ...

Facebook launches AI video-calling device 'Portal'

October 8, 2018

Facebook on Monday launched a range of AI-powered video-calling devices, a strategic revolution for the social network giant which is aiming for a slice of the smart speaker market that is currently dominated by Amazon and ...

Artificial enzymes convert solar energy into hydrogen gas

October 4, 2018

In a new scientific article, researchers at Uppsala University describe how, using a completely new method, they have synthesised an artificial enzyme that functions in the metabolism of living cells. These enzymes can utilize ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.