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Indonesia ride-hailing app GoJek says expanding abroad, including PH

/ 02:52 PM May 24, 2018
A Gojek rider transports a passenger in Jakarta on February 2, 2017. / AFP PHOTO / Bay ISMOYO

A Gojek rider transports a passenger in Jakarta on February 2, 2017. / AFP PHOTO / Bay ISMOYO

Indonesian ride-hailing app Go-Jek said Thursday it would expand into Vietnam, Thailand, Singapore and the Philippines as it takes on regional rival Grab in the fast-growing Southeast Asian market.

The move marks Go-Jek’s first expansion outside Indonesia and comes after US-based Uber this year said it would sell its struggling business in the region to Singapore’s Grab.

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Go-Jek operates a fleet of motorcycle taxis, private cars and other services — from massage and house cleaning to grocery shopping and food delivery — all available at smartphone users’ fingertips.

READ: Indonesia’s Go-Jek wants to operate in PH – LTFRB exec

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The company said it would invest $500 million in its international expansion, starting with ride-hailing services in the next few months. Other offerings would follow in the future, it said.

Go-Jek has won financial backing from investors including Google, Singapore’s sovereign wealth fund Temasek and Chinese internet giant Tencent.

Southeast Asia’s ride-hailing market is expected to reach $20 billion by 2025, according to research done by Google and Temasek.

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TAGS: GoJek, Indonesia, Philippines, ride-hailing app, Singapore, Thailand, Transport, Vietnam
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