Menu
KrASIA
News

Go-Jek reportedly in talks with Ayala Corp for venture in the Philippines

Written by Robin Moh Published on 

Share
The company seems to be making deals with powerhouses across Southeast Asia.

After regulators in the Philippines blocked Go-Jek from rolling out its fleet on the streets of Manila two months ago, the Indonesian ride-hailing and lifestyle service provider is now reportedly in talks with the country’s oldest conglomerate, Ayala Corp, for an investment, according to two individuals involved in the discussions who spoke to journalists at Bloomberg.

So far, Go-Jek has been unable to appease transportation regulators in Manila, where public transport utilities—including ride-hailing apps—require 60% local equity to operate.

An investment by Ayala Corp could just be the vehicle that kick starts Go-Jek’s mainstay business in the archipelagic nation. It currently operates in Indonesia, Singapore, Vietnam, and Thailand.

Meanwhile, in its home base, Go-Jek has formed a joint venture with Astra International, one of Indonesia’s most wide-reaching conglomerates.

Editor: Brady Ng

Share

You might like these

  • News

    Israel’s SixAI signs strategic Israel-Korea joint venture deal

    By 

    NoCamels

    23 Jan 2021    01:35 AM

KrASIA InsightsKrASIA Insights

  • Beijing-based SaaS firm Aibee digitizes “space, people, and products” for brick-and-mortar retailers.

    Insights

    This firm digitizes offline shopping: Inside China’s Startups 

    By Wency Chen

    23 Jan 202101:05 AM

Most PopularMost Popular

See All