UP

Amazon talks for stake in Indonesia's ride-hailing startup

Home page Technology
12 Punto 14 Punto 16 Punto 18 Punto
Amazon talks for stake in Indonesia's ride-hailing startup

Amazon.com Inc is in early talks with Go-Jek Group to buy a stake in the Indonesian ride-hailing startup.

Axar.az reports referring Reuters.

Details of the stake were not known and the source did not want to be identified as the talks are private.

Both Amazon and Go-Jek did not respond to a Reuters request for comment.

Indonesia’s first unicorn, Go-Jek, has up to 20 services and has evolved from ride-sharing to allowing its customers to make online payments and order everything from food to groceries.

Earlier this year, Amazon also bought a stake in British online food delivery company Deliveroo as it competes with Uber Technologies Inc's Uber Eats in the global race to dominate the market for takeaway meals.

Reuters reported in July that Amazon is expanding its transportation prowess to do virtually everything short of building a car

Go-Jek, which counts Alphabet Inc's, Alibaba Group Holdings Inc, Tencent Holdings and Visa Inc as investors, last raised here funding in July at a valuation of around $10 billion.

The Wall Street Journal first reported about the discussions between Amazon and Go-Jek.

Date
2019.08.28 / 18:53
Author
Axar.az
See also

Anthropic warns AI may pose existential risks to humanity

Anthropic considers new AI launch ahead of potential IPO

OpenAI expects to burn $280 billion by 2030

Apple unveils iPhone 18 Pro and iPhone 18 Pro Max

WhatsApp introduces new account security features

Meta agrees to pay up to $18B to settle child safety case

Bill Gates proposes major limits on AI development

Germany, Azerbaijan working on new green hydrogen project

SpaceX targets record $75 billion IPO at $135 per share

Sumgayit to host Qarabag in Premier League clash

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla