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Brief: JD said to back Go-Jek in latest $1b round

Go-Jek CEO Nadiem Makarim on stage at Tech in Asia Jakarta 2016. Photo credit: Tech in Asia.

The news (extracted from The Information):

  • Chinese online retailer JD has invested in Indonesian Uber rival Go-Jek, according to people familiar with the matter.
  • JD made its investment as part of Go-Jek’s latest funding round which is expected to raise close to US$1.2 billion from investors also including Tencent.
  • JD told Tech in Asia that it doesn’t comment on market rumors as company policy.

Why it matters:

This post Brief: JD said to back Go-Jek in latest $1b round appeared first on Tech in Asia.

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