Indonesia Expat
Featured News

Go-Jek To Expand To Four Southeast Asian Countries

Motorcycle-taxi service PT Go-Jek Indonesia will invest $500 million to expand its operations in Southeast Asia, revving up competition in a fast-growing consumer market just two months after Uber Technologies Inc. reached a landmark deal to exit from the region.

The Indonesian company said in a statement Thursday it plans to enter Vietnam, Thailand, Singapore and the Philippines in the next few months and is currently working with regulators and stakeholders across the region.

Go-Jek will initially offer motorcycle-hailing services in Vietnam, Thailand and the Philippines, and provide traditional taxi services in Singapore, where motorcycle taxis aren’t permitted, a company spokesman said. The move, in effect, puts Go-Jek in direct competition with regional market leader Grab Inc.

“Consumers are happiest when they have choice and at the moment, people in Vietnam, Thailand, Singapore and the Philippines don’t feel that they’re getting enough when it comes to ride-hailing,” Nadiem Makarim, co-founder and chief executive of Go-Jek, said in a statement.

Competition authorities in the Philippines and Singapore are examining the proposed Uber-Grab deal in Southeast Asia on concerns that the consolidation could give Grab a near monopoly in those markets. The region’s ride-hailing market is forecast to grow to $13.1 billion by 2025 from $2.5 billion in 2015, according to a report by Google and Singapore state-investment company Temasek Holdings Pte. Ltd.

Go-Jek, which launched its app in 2015, said the ultimate aim is to replicate the multiple-service business model that made it popular in Indonesia.

Source: Wall Street Journal

Photo courtesy of REUTERS/Beawiharta/File Photo

Related posts

Introducing Atap Resort Canggu: Ini Vie Hospitality’s New Eco-Luxury Getaway in Bali

Indonesia Expat

The American Club: Aid to a Wholesome Lifestyle

Indonesia Expat

Lampung Marriott Resort & Spa Celebrates Ramadan with Exquisite Middle Eastern Flavors and Holistic Retreats

Indonesia Expat

Police Arrest ATM Technician for Stealing from 3 Machines

Indonesia Expat

Budi Karya: All Modes of Transportation Re-Operates Again, Under Several Conditions

Indonesia Expat

Marco’s Chop Shop: Creating More than Just a Haircut

Indonesia Expat