The Indonesian company is a Tencent’s strategic partner
The Indonesian Go-Jek, which in 2017 received significant Chinese investments, decided that it could launch its services in Singapore as soon as this month. In this strategy of regional expansion, Go-Jek will surely meet against Singapore’s rival Grab.
Go-Jek is a technology startup based in Jakarta, Indonesia that specialises in ride-hailing and logistics, and is a Tencent’s strategic partner. After it introduced services in Vietnam with local partner Go-Viet in September, an expansion to Singapore would make the city state Go-Jek’s second international market.
Another great Indonesian Go-Jek investor is JD.com
The news of the Indonesian company was reported for the first time by the TechCrunch technology site and, among the information, it is also clear that Go-Jek was also in talks with Comfort-Delgro, the largest taxi operator in Singapore that previously had entered into an exclusive agreement with Uber Technologies.
However, Go-Jek’s interest in Singapore also stems from the fact that the city, thanks to its higher fares for taxis and private-car rides compared to other markets, is a small but significant market in Southeast Asia for ride-hailing companies.
Go-Jek has also said it will launch its Thailand service under the name Get
However, the expansion ambitions of Go-Jek seem just at the beginning. The company earlier this year, in fact, announced that it would be expanding regionally to four markets: Thailand, Vietnam, Singapore and the Philippines.
Grab has therefore a rival to its domination in Singapore, in fact, after Grab’s acquisition of Uber’s operations in Southeast Asia, some consumers have complained about the lack of alternatives and the increase in rates for Grab races.
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