Indonesian ride-hailing firm Go-Jek expands to Vietnam, Thailand

Indonesian ride-hailing firm Go-Jek expands to Vietnam, Thailand

Motorbike on-demand service Go-Jek secured $1.2 billion from Chinese tech giants JD.com and Tencent
Go-Jek secured US$1.2 billion from Chinese tech giants JD.com and Tencent Holdings in May, according to data from Crunchbase. (Photo: AFP/GOH Chai Hin)

REUTERS: Indonesian ride-hailing and online payment firm Go-Jek said on Monday it had entered Vietnam and Thailand as part of a US$500 million international expansion.

The company will start beta testing in July in Vietnam under the brand Go-Viet, before launching "soon afterwards" in Thailand as GET, Go-Jek said in a statement.

It will start with ride-hailing and on-demand logistics services before expanding to food delivery and payments, Go-Jek said. These are areas that its regional rival, Grab, is also active in. 

The expansion follows Go-Jek's latest round of fundraising, which brought investment from companies including Indonesia's Astra International, Chinese e-commerce powerhouse JD.com, Chinese technology giant Tencent and Singapore state-owned investment firm Temasek Holdings.

(Reporting by Fanny Potkin; Editing by Gopakumar Warrier)

Source: Reuters/kk

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