Articles tagged “go-jek”

Grab to Pump $500 Million Into Vietnam as More Rivals Enter After Uber’s Exit

Grab to Pump $500 Million Into Vietnam as More Rivals Enter After Uber’s Exit

Raini Hamdi, Skift

After Indonesia, Grab’s next biggest battleground is Vietnam. No surprise there, it's a rapidly growing economy with all the ingredients for a ridehailing explosion. Naturally Grab is not alone — rivals are aplenty.

3 months ago

Go-Jek Gets Investment From Visa to Expand Digital Payments in Southeast Asia

Go-Jek Gets Investment From Visa to Expand Digital Payments in Southeast Asia

Yoolim Lee, Bloomberg

It's no secret that Go-Jek is keen to be Southeast Asia's answer to China's WeChat. Its move to expand digital payments will be a key step to gain dominance in the region.

4 months ago

Go-Jek Snags Undisclosed Funding From Thailand’s Largest Bank

Go-Jek Snags Undisclosed Funding From Thailand’s Largest Bank

Anuchit Nguyen and Yoolim Lee, Bloomberg

Southeast Asian banks are investing in the region's biggest ridehailing rivals, Go-Jek and Grab, to hitch a ride on their expansion into financial services. These unicorns have moved beyond ridehailing, with payments being a hotly-contested battleground.

4 months ago

Grab Enters Travel Booking With Hotels Now and Flights Next

Grab Enters Travel Booking With Hotels Now and Flights Next

Raini Hamdi, Skift

In the face of a fast-growing and innovative rival, Grab’s foray into travel, starting with hotels, could give it an edge over archrival Go-Jek, which does not do travel — yet.

7 months ago

SoftBank Invests Another $1.5 Billion in Singapore’s Grab

SoftBank Invests Another $1.5 Billion in Singapore’s Grab

Yoolim Lee and Pavel Alpeyev, Bloomberg

Already a major investor in Singapore's Grab, SoftBank is pumping in more big money into the ridehailing company, which is in a two-horse race with Indonesia's Go-Jek to gain dominance in Southeast Asia. We're tightening our seat belts watching this epic battle.

9 months ago

Ayala May Back Ridehailing Service Go-Jek’s Expansion in the Philippines

Ayala May Back Ridehailing Service Go-Jek’s Expansion in the Philippines

Yoolim Lee, Claire Jiao and Cecilia Yap, Bloomberg

The oldest and largest conglomerate in the Philippines, whose business is primarily real estate and hotels, is investing in technology companies. Go-Jek is likely next. That would end Grab's monopoly in the Philippines.

9 months ago

Indonesia’s Go-Jek Seeks $2 Billion More in Funding as Startup Wars Heat Up

Indonesia’s Go-Jek Seeks $2 Billion More in Funding as Startup Wars Heat Up

Yoolim Lee, Crystal Tse and Joyce Koh, Bloomberg

This is a battle of titans in the ridehailing sector in Southeast Asia. And with Go-Jek and Grab angling to become the region's super-app, providing a plethora of services from insurance to payment, describing them as ridehailing players will soon no longer do.

9 months ago

Singapore Proposes Stricter Ridehailing Rules Because the Services Are the Same

Singapore Proposes Stricter Ridehailing Rules Because the Services Are the Same

Youlim Lee, Bloomberg

With more players in the market, Singapore no longer sees ridehailing firms as technology, but transport companies which should be subject to the same rules as street-hail operators. Safety is another big issue.

10 months ago

Grab’s Tie-Up With Indonesia Tourism Gives a Glimpse of Ambitions Beyond Ridehailing

Grab’s Tie-Up With Indonesia Tourism Gives a Glimpse of Ambitions Beyond Ridehailing

Raini Hamdi, Skift

Grab’s partnership with Indonesia’s tourism ministry, the first of its kind between a national tourism body and a ridehailing platform, reveals one of the initial ways it is trying to become Southeast Asia’s super app for a plethora of travel services.

12 months ago

Indonesia’s Go-Jek Wants to Fill the Gap Uber Left in Southeast Asia

Indonesia’s Go-Jek Wants to Fill the Gap Uber Left in Southeast Asia

Yoolim Lee, Bloomberg

With Uber out of the region, there's likely room for another ride-hailing app — especially one that could offer additional services. But with bigger rival Grab already established, Go-Jek could face an uphill climb.

1 year ago