China’s JD confirms Go-Jek funding

Indonesia’s Go-Jek started out with motorbikes, then added cars later. Photo credit: Go-Jek.

Chinese ecommerce company JD has invested in Indonesia’s Go-Jek, an Indonesian rival to Uber, the Beijing-based company confirmed to Tech in Asia today.

The undisclosed investment in Go-Jek was signed this week, but no other details are available, said a JD representative.

It comes three days after rumors of the funding were published by The Information.

CEO Nadiem Makarim. Photo credit: Go-Jek.

Go-Jek is said to be working on US$1.2 billion in funding – including from China’s Tencent – to add to the US$550 million the startup pocketed in August 2016 so that it can battle both Uber and Grab on two and four wheels. JD’s input this week is likely a part of that blockbuster deal.

Aside from transportation, Go-Jek has a variety of on-demand services – such as meals, groceries – plus a digital wallet.

Go-Jek shifts into top gear:

• March 2017: Go-Jek now lets users send cash to each other
• June 2017: Go-Jek is beating Uber and Grab, claims CEO Nadiem Makarim
• August 2017: Go-Jek acquires ticketing startup

This post China’s JD confirms Go-Jek funding appeared first on Tech in Asia.

from Tech in Asia https://www.techinasia.com/jd-confirms-gojek-funding
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