Indonesia’s ride-hailing firm Go-Jek to invest $500 million in four new markets

The expansion will heat up the rivalry between two current market leaders Southeast Asia — Go-Jek and Singapore-based start-up Grab. More Indonesia’s massively popular ride-hailing start-up Go-Jek is expanding abroad.
It will invest about $500 million to move into four new markets in Vietnam , Thailand , Singapore and the Philippines over the next several months, the company said in a Thursday announcement.
Initially, Go-Jek will start with ride-hailing before introducing additional services.
Go…

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