Google, JD.com, Tencent back Gojek in fight with Grab

The fight for Southeast Asia's ride-hailing market just went up a gear. Gojek will use another $1 billion from investors to compete with Singapore’s Grab. Breakeven may have to wait.

Gojek's warchest is being replenished in its cut-throat battle for dominance in Southeast Asia's massive ride-hailing market, underlining the support the four-year-old Indonesian company continues to enjoy from its powerful allies.

¬ Haymarket Media Limited. All rights reserved.

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