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

Eli Lilly weight loss drug Zepbound no longer in shortage
Best Amazon Prime Video Streaming Deals 2024: Paramount+, Starz, MGM+
Beyoncé pokes fun at Netflix’s buffering issues ahead of Christmas-day Halftime performance
India may have fastest growing e-commerce sector
Robbie Williams wants to go back to school and re-sit his GCSEs