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Jack Ellis · · 1 min readIn brief: Go-Jek said to be mulling purchase of JD’s Indonesian finance biz
Photo credit: Go-Jek
Go-Jek rumored to back JD’s local finance business (Indonesia). The ride-hailing unicorn is said to be close to acquiring a stake in the Chinese internet giant’s finance affiliate in Indonesia. The deal could lead to Go-Jek merging with or acquiring JD Finance’s Indonesia operations, alongside an ecommerce partnership with JD, sources said.
JD participated in Go-Jek’s most recent funding round, which raised an estimated US$1.5 billion. The Chinese company has been seeking to make inroads into the Indonesian market, and opened a brick-and-mortar automated store in Jakarta earlier this month – its first outside of China. (DealStreetAsia)
Other news
Ola services hit with more sexual harassment claims (India). In the latest in a string of such incidents involving the ride-hailing firm, an Ola driver is being sought by police in Bangalore after a woman passenger reported that he watched porn and touched himself while she was in his car. Chinese ride-hailer Didi suspended its Hitch carpooling service this weekend following the rape and murder of a female passenger by a driver, the second reported killing linked to the service this year. (The Hindu)
Editing by Steven Millward
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