Go-Jek rumored get fresh $1.2 billion by JD.com

Go-Jek is getting additional funding from JD.com to strengthen position in Southeast Asia. Some sources say China's second-largest e-commerce company, JD.com Inc., has just invested in Go-Jek's ride-hailing to boost its service growth in Southeast Asia in competition against Grab and Uber.

Tinuku Go-Jek rumored get fresh $1.2 billion by JD.com

Go-Jek has been supported by many investors, including global equity firms KKR & Co LP, Warburg Pincus LLC, Sequoia Capital and Tencent. The latest JD.com news comes in bringing about US$100 million. JD.com and Go-Jek have so far refused to comment.

Startups have raised up to US$1 billion from old and new investors in the latest round of funding and valued over US$2.5 billion. They control the largest market share in Indonesia.

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