Indonesia’s Go-Jek started out with motorbikes, then added cars later. Photo credit: Go-Jek.
Chinese ecommerce company JD has invested in Go-Jek, an Indonesian rival to Uber, the Beijing-based firm confirmed to Tech in Asia today.
The undisclosed investment in Go-Jek was signed this week, but no other details are available, said a JD representative.
The confirmation comes three days after rumors of the funding were published by The Information.
Go-Jek CEO Nadiem Makarim. Photo credit: Go-Jek.
Go-Jek is said to be working on US$1.2 billion in funding – including from China’s Tencent – to add to the US$550 million the startup pocketed in August 2016 so that it can battle both Uber and Grab – on two and four wheels. JD’s input this week is likely a part of that blockbuster deal.
Aside from transportation, Go-Jek has a variety of on-demand services – such as meals and groceries – plus a digital wallet.
Go-Jek shifts into top gear:
- March 2017: Go-Jek now lets users send cash to each other
- June 2017: Go-Jek is beating Uber and Grab, claims CEO Nadiem Makarim
- August 2017: Go-Jek acquires ticketing startup
Chinese tech giants turn to Southeast Asia:
- June 2017: Alibaba spends $1b to boost Lazada stake to 83%
- July 2017: Didi and Softbank to invest $2b in Grab
- August 2017: Alibaba leads $1.1b investment in Indonesia’s Tokopedia
Editing by Jack Ellis
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