China's Tencent invests in Indonesia's Go-Jek amid SE Asia push

July 05, 2017

HONG KONG: Tencent Holdings Ltd has invested around US$100 million to US$150 million in Indonesian ride-hailing startup Go-Jek, sources said, in another sign the Chinese tech giant was looking to tap into growth in Southeast Asia's mobile-based services.

Go-Jek, which already counts global private equity firms KKR & Co LP, Warburg Pincus LLC and venture capital player Sequoia Capital as investors, is seeking to raise more capital from existing and new investors, the sources said.

Source: Channel NewsAsia