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China's JD.com invests in Indonesia's Go-Jek amid SE Asia push -sources
August 25, 2017 / 6:16 AM / 4 months ago

China's JD.com invests in Indonesia's Go-Jek amid SE Asia push -sources

HONG KONG, Aug 25 (Reuters) - JD.com Inc has invested in ride-hailing startup PT Go-Jek Indonesia, in another sign that China’s second-largest e-commerce firm is tapping growth in Southeast Asian mobile-based services, people familiar with the matter told Reuters.

Go-Jek, whose investors include global private equity firms KKR & Co LP and Warburg Pincus LLC as well as venture capitalist Sequoia Capital, has raised about $100 million from JD.com, one of the people said.

The startup is raising up to $1 billion from existing and new investors in its latest funding round and has a pre-money valuation of about $2.5 billion, the person said.

The people declined to be identified as the financing plans are not public.

JD.com declined to comment. Go-Jek did not immediately respond to a request for comment. (Reporting by Julie Zhu; Additional reporting by Kane Wu)

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