INDONESIA: GOJEK READY TO ENTER PHILIPPINES, THAILAND, VIETNAM AND SINGAPORE
JAKARTA, Indonesia Indonesia’s highly popular ride-hailing service GoJek is close to its announcement that it will expand within Southeast Asia and enter the markets in the Philippines, Thailand, Vietnam and Singapore.
The move comes as US rival Uber is withdrawing from the region, leaving Grab as GoJek’s major competitor, Investvine news online portal reported.
According to various reports, GoJek is set to announce its first expansion to another country in Southeast Asia in the next few weeks.
Observers believe it will be either Singapore or the Philippines as the company is reportedly already hiring former Uber drivers in these countries.
Further announcements on the expansion to the other countries are expected to be made by GoJek no later than by the middle of the year.
Vietnam media reported that the company has already started recruiting personnel in the country’s two main urban centres Hanoi and Ho Chi Minh City.
GoJek, backed by Google, China’s Tencent Holdings, Singapore’s Temasek sovereign fund and a number of venture capital firms, has enough money in its war chest to fund the regional expansion amid Uber’s withdrawal which came as a great opportunity for the Indonesian start-up, analysts noted.
Source: NAM News network