China’s Tencent invests in Indonesia’s Go-Jek amid SE Asia push: sources


  • TECH
  • Wednesday, 05 Jul 2017

FILE PHOTO: A Gojek driver rides his motorcycle through a business district street in Jakarta, Indonesia June 9, 2015. REUTERS/Beawiharta/File Photo

HONG KONG: Tencent Holdings Ltd has invested around US$100mil (RM429.50mil) to US$150mil (RM644.25mil) in Indonesian ride-hailing startup Go-Jek, sources said, in another sign the Chinese tech giant was looking to tap into growth in Southeast Asia's mobile-based services. 

Go-Jek, which already counts global private equity firms KKR & Co LP, Warburg Pincus LLC and venture capital player Sequoia Capital as investors, is seeking to raise more capital from existing and new investors, the sources said. 

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