Transport Minister Loke Siew Fook says he wants to focus on improving the standard of public transportation.
Visa has invested an undisclosed amount in Go-Jek as part of the Indonesian company’s ongoing series F fundraising round.
Ride-hailing giant Go-Jek secures investment from Siam Commercial Bank, the Thai lender that counts King Maha Vajiralongkorn as its biggest shareholder.
Malaysia's first motorcycle ride-hailing service finds hope in news that Go-Jek of Indonesia is interested in operating here.
That would make Go-Jek Indonesia’s first startup to join the US$10 billion market-valuation club, and the second in Southeast Asia after Grab.
The move is aimed to protect the interests of drivers and consumers said the director general of land transportation at Indonesia’s Ministry of Transportation.
Go-Jek first applied for a licence to operate in Manila in August, but it was turned down in January.
Co-founder Kewin Aluwi in January said Go-Jek was evaluating other Southeast Asian markets including Malaysia.
Apakah jaminan imej penumpang yang dirakam tidak disalahgunakan?
Google, Tencent and JD.com have invested in Go-Jek earlier.
Ride-hailing services will be under stricter regulation for the safety of its passengers.
Having evolved from a ride-hailing service founded in 2011, Go-Jek is now nursing ambitions for a larger share of the Southeast Asian market
The move puts a wrench in Go-Jek's plan to corner a bigger share of the Southeast Asian e-hailing market, currently dominated by rival Grab.
Go-Jek is in the middle of a US$500 million (RM2 billion) expansion plan beyond its Indonesian base with a focus on Southeast Asia, and has recently introduced services in Vietnam and Thailand.
Go-Jek is building up its arsenal to expand in Southeast Asia and fight Singapore-based rival Grab.
Go-Jek said the investment in Jakarta-based media startup Kumparan had been done through its recently launched venture capital arm Go-Ventures.
Beijing-based Meituan, which offers services ranging from movie ticketing, food delivery to hotel and travel booking as well as ride-hailing, was valued at around $30 billion in a fundraising round late last year.
Southeast Asia's largest ride-hailing service is amassing a mighty war chest and is on track to raise US$3 billion of funding before the end of this year.
Go-Jek said it had formed a strategic partnership with Indonesian peer-to-peer lenders Findaya, Dana Cita and Aktivaku.
The Singapore-based firm has raised US$2 billion in funding and also launched the Grab Ventures arm to develop technology start-ups including Indonesia's Go-Jek.
The drivers are seeking a standard fare of 3,000 to 4,000 rupiah per kilometre.
Jika urus janji itu gagal, Uber mungkin meninggalkan operasi di Singapura dan menjadikan Grab pemain dominan, kata pakar.
The expanded scrutiny of the deal in Southeast Asia could pose a major hurdle to the US firm's attempt to improve profitability by exiting its loss-making regional operation.
Go-Jek and Grab must register in Indonesia as transport companies within two months to ensure they meet safety requirements as a public transport provider.
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