Indonesian ride-hailing and online payment company Go-Jek is set to announce its first expansion to another country in SE Asia in the “next few weeks”. Go-Jek also plans to expand to three other SE Asian countries by the middle of this year, the email quoting Go-Jek chief executive Nadiem Makarim said. The industry’s first big consolidation in SE Asia, home to about 640m people, could put pressure on Go-Jek, which is backed by Alphabet’s Google and China’s Tencent Holdings. Nadiem described that Uber deal as a “great opportunity” because “fewer players means a smoother path to continued and deepened market leadership” for Go-Jek in Indonesia.
Go-Jek poised for imminent SE Asia expansion
April 2, 2018 News