A Go-Jek driver rides a motorcycle on a street in Jakarta, Indonesia, December 15, 2017. (Photo: REUTERS/Beawiharta)
SINGAPORE: Indonesian ride-hailing and online payment firm Go-Jek said on Thursday (May 24) it will enter Singapore, Vietnam, Thailand and the Philippines in the next few months, investing US$500 million in its international push.
The move will start with ride-hailing services before expanding to other sectors, Go-Jek said in a press release.
"People in Vietnam, Thailand, Singapore and the Philippines don't feel that they're getting enough (choice) when it comes to ride-hailing," CEO Nadiem Makarim said.
The firm said it will work with regulators and other stakeholders to prepare for the new operations.
"Our aim is to partner with countries and their governments to bring benefit to everyone who uses our technology whether consumers looking for fast, competitive services, or drivers looking to secure additional income," Mr Makarim said.
Go-Jek noted in the press release that while it will provide the technological support to its chosen partner countries, local founding teams will run the companies that Go-Jek will help set up.
"The local companies will determine their own brands and identities to ensure good traction in each new market," said the transport firm.