Facebook and PayPal invest in Southeast Asian ride-hailing giant GoJek

Technology

Facebook and PayPal have made investments in GoJek, joining Google and Tencent among other high-profile technology companies that have backed the Southeast Asian ride-hailing firm.

Facebook, for which it is the first investment in an Indonesia-based firm, and PayPal did not disclose the size of their checks. Five-year-old GoJek said the companies were participating in its ongoing financing round.

Gojek, WhatsApp and Facebook are indispensable services in Indonesia. Working together we can help bring millions of small businesses and the customers they serve into the largest digital economy in Southeast Asia,” said Matt Idema, Chief Operating Officer at WhatsApp, in a statement.

More to follow…

Products You May Like

Articles You May Like

The Onion won the auction for Infowars and was given ‘clear next steps to complete the sale,’ CEO says
Why This Taiwanese Book is Masquerading as a Rediscovered Japanese Novel
New modular synchronous source measure system from Lake Shore Cryotronics – Physics World
First Images of Tom Hardy in ‘Havoc’
How Satire Reveals the Truth in “Interior Chinatown”