MANILA: Indonesian ride-hailing firm Go-Jek lost an appeal on March 19 against the Philippines' decision to refuse to grant it a licence due to its failure to meet local ownership criteria, in a major blow to its Southeast Asia expansion plans.
Go-Jek, whose backers include Alphabet Inc's Google and Tencent Holdings Ltd, had hoped to take on Singapore-based Grab which is the dominant player in the Philippines ride-hailing sector.
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