Indonesian Go-Jek enters the Singaporean market and launches a challenge



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The beta version of the Go-Jek beta application was to be downloaded in Singapore as of Thursday for a limited number of customers and will only cover a designated part of the city.

The Indonesian Go-Jek group launched on Thursday in Singapore a trial version of its anti-overlap taxi app, in anticipation of a full entry scheduled early next year for its next year. attacking the market leader, Grab.

Go-Jek is in the midst of a $ 500 million expansion plan beyond its Indonesian base, focused on Southeast Asia, and has recently introduced services in Vietnam and in Thailand.

It operates a fleet of motorcycle taxis, private cars and other services – from household mbadage, cleaning, grocery shopping and food delivery – available via a smartphone, although the launch in Singapore offers only taxis for cars.

"Today, we are in Singapore, so we are very excited and very emotional," Go-Jek President Andre Soelistyo told reporters.

The Singaporean market is dominated by the local Grab tech company since it's bought earlier this year its US rival Uber in Southeast Asia, thus ending fierce competition.

In return, Uber received a 27.5% stake in Grab.

Singapore's anti-monopoly body fined Grab and Uber for violating the rules of competition during the merger.

Soelistyo said the arrival of Go-Jek would help ensure "healthy competition".

The beta version of the Go-Jek beta application was to be downloaded starting on Thursday for a limited number of customers and will only cover a designated part of the city.

Beta versions are used to test and get feedback from a limited number of users before full service begins.

Go-Jek has partnered with Singapore's largest bank, DBS, in hopes to tap into the lender's client base to increase its market share and provide benefits to its clients.

Go-Jek has secured financial backing from investors such as Google, Singapore's Singaporean Temasek Ruler Fund and Chinese Internet giant Tencent.

According to research conducted by Google and Temasek, the Southeast Asian market for support services is expected to reach $ 20 billion by 2025.


Explore further:
Indonesia: The GoJek App Tells Its Expansion Abroad

© 2018 AFP

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