Indonesia ride-hailing app GoJek says expanding abroad

Go-Jek operates a fleet of motorcycle taxis, private cars and other services, from massage and house cleaning to grocery shoppin
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

© 2018 AFP

Citation: Indonesia ride-hailing app GoJek says expanding abroad (2018, May 24) retrieved 20 April 2019 from https://phys.org/news/2018-05-indonesia-ride-hailing-app-gojek.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
5 shares

Feedback to editors

User comments

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