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


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

Prince Harry Accepts ESPN’s Pat Tillman Award After Controversy
Beacon Audiobooks Releases “In the Seven Mountains” By Author Henry W. Shoemaker
Watch Jessica Pratt Perform “Life Is” on Colbert
The Weeknd Announces One-Night Only Stadium Concert in São Paulo
WhatsApp for Android Reportedly Testing Translation Feature for Messages Using Google’s Technology