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24-05-2018, 05:55 PM
Indonesia's ride-hailing firm Go-Jek to invest $500 million in four new markets
Saheli Roy Choudhury
May 24, 2018
Indonesia's massively popular ride-hailing start-up Go-Jek is expanding abroad.
It will invest about $500 million to move into four new markets in Vietnam, Thailand, Singapore and the Philippines over the next several months, the company said in a Thursday announcement.
Go-Jek said that it will provide "technological support and expertise" to local founding teams in each of the four markets. Those local companies would "determine their own brands and identities" and work to gain traction.
"We visited all those countries and we felt like the solutions that we provided in Indonesia will probably be suitable to some of these countries," Andre Soelistyo, president of Go-Jek, told CNBC's "Squawk Box" on Thursday.
More details in https://www.cnbc.com/2018/05/23/indonesi...nsion.html
Saheli Roy Choudhury
May 24, 2018
Indonesia's massively popular ride-hailing start-up Go-Jek is expanding abroad.
It will invest about $500 million to move into four new markets in Vietnam, Thailand, Singapore and the Philippines over the next several months, the company said in a Thursday announcement.
Go-Jek said that it will provide "technological support and expertise" to local founding teams in each of the four markets. Those local companies would "determine their own brands and identities" and work to gain traction.
"We visited all those countries and we felt like the solutions that we provided in Indonesia will probably be suitable to some of these countries," Andre Soelistyo, president of Go-Jek, told CNBC's "Squawk Box" on Thursday.
More details in https://www.cnbc.com/2018/05/23/indonesi...nsion.html
Specuvestor: Asset - Business - Structure.
