Indonesian net car Go-Jek was awarded Tencent, Jingdong and other investments, valued at over $9 billion.

category:Internet click:294
 Indonesian net car Go-Jek was awarded Tencent, Jingdong and other investments, valued at over $9 billion.


Author: Zhang Chao

The Go-Jek round of financing can be traced back to last year. At the time, Go-Jek was revealed to be launching a new round of financing, with a planned amount of $1.2 billion, plus 25% of the additional funds received, and the company was valued at about $5 billion.

Earlier this year, however, news emerged that Go-Jek would eventually make an investment of $1.5 billion, exceeding its original target, with additional sources of funding and prominent investors including Singapores government investment holding company Temasek and Chinese technology giant Tencent.

The latest report from the Information shows that this round of financing has not yet been completed and that it has now secured a $1.2 billion investment commitment from the former investor. If more investors are involved, or the total amount is $1.5 billion, then Go-Jek may be valued higher, depending on how much additional financing Go-Jek will have.

The report also pointed out that with additional investment from Google, Tencent and Jingdong, Go-Jek is trying to deepen its relationship with these key strategic partners and seek business cooperation. Go-Jek may use more support from these technology giants to tap into the Southeast Asian market and launch an attack on Grab, another Southeast Asian car giant.

To enhance its competitiveness, the company, known for its motorcycle taxi service, is also experimenting with new businesses, such as delivery of meals, express delivery and so on, to expand revenue growth points. In addition, Go-Jek launched GoPay, a digital payment service, and quickly became the countrys leading provider of digital wallet services.

The return to strategic partners such as Google, Tencent and Jingdong is significant for Go-Jek.

As a global leader in technology, Google has its own local business and can synergize with Go-Jek, in addition to helping with capital, technology and other resources.

Tencents micro-payment business has accumulated a wealth of experience in China, application scenarios throughout the taxi, meal delivery, shopping and other aspects of daily life, which also provides a good reference for the development of GoPay digital payment business. Jingdong, Chinas second-largest e-commerce company, already covers the Indonesian market; it is also an investor in the Indonesian startup Traveloka, the largest online travel portal in Southeast Asia. With the help of giants, the Indonesian market will become increasingly fierce, and even spread to Southeast Asia. At present, Grab is increasing investment in Indonesia, kill into the hinterland of Go-Jek; and Go-Jek is also out of Indonesia, to Southeast Asia, recently launched services in Vietnam, Singapore, Thailand, recruiting drivers. Source: editor of Wall Street news and responsibilities: Qiao Jun Jing _NBJ11279

Tencents micro-payment business has accumulated a wealth of experience in China, application scenarios throughout the taxi, meal delivery, shopping and other aspects of daily life, which also provides a good reference for the development of GoPay digital payment business.

Jingdong, Chinas second-largest e-commerce company, already covers the Indonesian market; it is also an investor in the Indonesian startup Traveloka, the largest online travel portal in Southeast Asia.

With the help of giants, the Indonesian market will become increasingly fierce, and even spread to Southeast Asia. At present, Grab is increasing investment in Indonesia, kill into the hinterland of Go-Jek; and Go-Jek is also out of Indonesia, to Southeast Asia, recently launched services in Vietnam, Singapore, Thailand, recruiting drivers.