March 27, 2018 / 12:01 PM / 4 months ago

Indonesia's Go-Jek to announce first Southeast Asia expansion in weeks-internal memo

March 27 (Reuters) - Indonesian ride hailing and online payment company Go-Jek is set to announce its first expansion to another country in Southeast Asia in the “next few weeks”, according to an internal company email reviewed by Reuters.

Go-Jek also plans to expand to three other Southeast Asian countries by the middle of this year, the email quoting Go-Jek Chief Executive Nadiem Makarim said.

News of the plans come after Uber Technologies Inc agreed this week to sell its Southeast Asian business to regional rival Grab. Go-Jek’s Makarim described this deal as a “great opportunity” because “fewer players means a smoother path to continued and deepened market leadership. (Reporting by Ed Davies, editing by Louise Heavens)

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