Indonesia’s Go-Jek to expand markets in Southeast Asia, targeting VN
Indonesian ride-hailing app Go-Jek will spend US$500 million to expand its operation to Thailand, Vietnam, Singapore and the Philippines in the next few months, it said on May 24.
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With such services, Go-Jek will directly compete with Singapore’s Grab, which is dominating Southeast Asia. Both of them are also trying to extract more revenues from their ride-hailing customers in Indonesia.
Southeast Asia's ride-hailing market is expected to reach US$20 billion by 2025, according to a research done by Google and Temasek.
