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

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#1
Indonesia's ride-hailing firm Go-Jek to invest $500 million in four new markets

Saheli Roy Choudhury
May 24, 2018

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.

Go-Jek said that it will provide "technological support and expertise" to local founding teams in each of the four markets. Those local companies would "determine their own brands and identities" and work to gain traction.

"We visited all those countries and we felt like the solutions that we provided in Indonesia will probably be suitable to some of these countries," Andre Soelistyo, president of Go-Jek, told CNBC's "Squawk Box" on Thursday.

More details in https://www.cnbc.com/2018/05/23/indonesi...nsion.html
Specuvestor: Asset - Business - Structure.
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#2
may the good times come back. they could try motorbike sharing. i guess lta will freak out.
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#3
I look forward to Go-Jek entering Singapore, ComfortDelgro/Grab needs more competition sir! Big Grin
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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