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Retail Asia27/06/2018

Indonesian ride-hailing app Go-Jek will officially launch in Vietnam this July under the brand name of Go-Viet. The firm will be run by a group of Vietnamese managers. Go-Jek will provide Go-Viet with financial and technological backing, as well managerial inputs. “We believe that these in-country teams have the knowledge and experience to make the […]

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Retail Asia24/05/2018

Indonesian ride-hailing and online payment firm Go-Jek on Thursday said it would enter Vietnam, Thailand, Singapore and the Philippines in the next few months, investing $500 million in its international push. The move will start with ride-hailing services before expanding to other sectors, Go-Jek said in a statement. “People in Vietnam, Thailand, Singapore and the […]

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Retail Asia30/03/2018

Indonesian ride-hailing and online payment company Go-Jek is set to announce its first expansion to another country in Southeast Asia in the “next few weeks,”. Go-Jek also plans to expand to three other Southeast Asian countries by the middle of this year, the email quoting Go-Jek chief executive Nadiem Makarim said. News of the plans […]

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Retail Asia08/03/2018

Indonesian start-up Go-Jek is considering an initial public offering, president Andre Soelistyo said on Monday (05/03), but details on timing and float size haven’t been decided yet. Andre met with Indonesia Stock Exchange chief executive on Monday to discuss the potential share sale, including a regulatory requirement to be profitable within two years of listing. “We […]

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Retail Asia22/01/2018

Google, Singapore state investor Temasek Holdings and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailing startup Go-Jek, sources familiar with the matter said. Go-Jek’s existing investors, such as global private equity firms KKR & Co and Warburg Pincus, are also participating in the funding round, which is raising about $1.2 […]

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Retail Asia30/08/2017

The move by China-based tech firms into Southeast Asia continues apace. But the ranks of Alibaba and Tencent, so far the most aggressive to expand into the region, are now being joined by Alibaba’s largest ecommerce rival in China, JD.com. Over the weekend, JD.com confirmed that it had invested in Indonesia-based ride-hailing service Go-Jek after […]

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Retail Asia05/07/2017

Indonesia set minimum and maximum tariffs for online car-hailing services in a bid to ensure comparable pricing with conventional transport providers and address complaints of undercutting, sending shares of the nation’s top two taxi firms soaring. Ride-hailing services such as US group Uber Technologies Inc, Southeast Asia’s Grab and Indonesia’s GO-JEK have heavily subsidised their […]

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Retail Asia09/05/2017

Go-Jek, the motorbike on-demand startup that is battling Uber and Grab in Indonesia, has closed a new round of $1.2 billion led by Chinese internet giant Tencent, two sources close the company told. The deal, which we understand was signed last week, values the company at $3 billion post money. It is expected to be officially announced […]

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Retail Asia22/03/2017

Local online transport and services app Go-Jek announced on Tuesday its partnership with PT Liga Indonesia Baru to become the title sponsor for the country’s top professional soccer league for the 2017 tournament season. The company expects the partnership will help popularize its distinctive service solutions to cater activities related to the soccer league, such […]

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Retail Asia08/03/2017

Uber may have a reputation for steamrolling its competitors, but it can be conciliatory at times. In 2015, a year before its retreat from China via the sale of its Chinese business to rival Didi, the U.S. company agreed to a non-compete deal with Go-Jek, a fast-growing on-demand service from Indonesia that’s valued at over $1 billion, TechCrunch has learned. […]

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Retail Asia13/12/2016

Control of the Foodpanda business has been sold by parent Rocket Internet, including the remaining Asian operations. German-based online food-ordering service Delivery Hero Holding, which is active in 33 countries, has acquired Rocket Internet-backed Emerging Markets Online Food Delivery Holding, parent of the shrinking Foodpanda business. Foodpanda, 49 per cent owned by Rocket Internet, has […]

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Retail Asia11/11/2016

Indonesia-based leading startup GO-JEK on Tuesday announced that it has acquired Pune-based mobile application developer Leftshift for upscaling its product development, design and engineering platforms. This is the fourth Indian start-up acquisition by the Indonesian startup. “Our partnership with Leftshift over the last one year has been an amazing experience, they are arguably among the […]

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Retail Asia30/10/2016

Watch out Gojek, competitor GrabBike has come to Bali. Ride-hailing app Grab has announced that it launched both GrabBike and GrabExpress services in Bali, as of Oct. 22. Like Gojek, GrabBike allows you to order motorbike taxis, while GrabExpress is Grab’s courier service. Also in common with Gojek, the app’s drivers use black and green colors. […]

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Retail Asia11/05/2016

Indonesia’s largest taxi operator Blue Bird Group said on Monday (May 9) that it plans to form a partnership with the country’s biggest online ride hailing app Go-Jek. The collaboration is expected to cover the areas of technology, payments and promotions. In a joint statement, the two firms said the partnership would increase the quality […]

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Retail Asia03/05/2016

Indonesian online ride-hailing service Go-Jek is in talks with potential investors to raise fresh funds to expand the business, as the heavy subsidies it gives to drivers to keep rates competitive are unsustainable in the long run, its chief executive said on Friday. Go-Jek, a play on the local word for motorbike taxis, has become […]

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Retail Asia13/04/2016

Ride-hailing app Uber on Wednesday launched a motorbike taxi service in the Indonesian capital where Southeast Asian rivals Go-Jek and Grab are already battling for dominance. Jakarta is one of the world’s most congested cities and motorbike taxis ordered from a smartphone app have exploded in popularity in the past 18 months as a way […]

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Retail Asia21/12/2015

Indonesian authorities backed down on Friday (Dec 18) from attempting to enforce a ban on ride-hailing apps and motorbike taxis after the move sparked online fury in a country where millions rely on the services. Transport Minister Ignasius Jonan announced on Thursday he had ordered police to properly implement an existing law that gives a […]

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Retail Asia18/12/2015

Go-Jek, the $100 million Indonesian start-up which provides an Uber like service with motorbikes has just been made illegal. Indonesian media is reporting that the Ministry of Transportation has asked local police to take action against the operators of internet based transport services as well as prohibit drivers of the service due to their effect […]

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Retail Asia23/10/2015

A few months ago, 22-year-old Brian Mulyadi wrapped up his college degree at Boston University and returned to his home country, Indonesia, with a business idea. Things have moved fast since then. Brian launched a company called LadyJek – it’s an idea so absurd that I thought it was a joke when I first heard […]

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Retail Asia17/09/2015

Grocery delivery app HappyFresh has launched in Thailand, with further expansion into Taipei planned for this month. The app made its debut in Kuala Lumpur and Jakarta in March. Next on its expansion program are Manila in October, followed by Surabaya and other cities in Indonesia. The company’s co-founder and COO Benjamin Koellmann told Tech […]

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