Deals
Amazon in Talks to Invest in Indonesia’s Gojek
- Move could boost U.S. retailer’s presence in Southeast Asia
- GoJek app offers ride hailing, food delivery, digital wallet
Gojek motorcycle drivers and bajaj drivers wait for fares in Jakarta.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
Amazon.com Inc. is in talks to make an investment in Indonesian ride-hailing giant Gojek, people familiar with the negotiations said, a move that could bolster the U.S. company’s presence in Southeast Asia.
Amazon is one of the firms that have been negotiating with Gojek to join its ongoing funding round, according to the people, who asked not to be identified as the discussions are private. Under one scenario that has been considered, Amazon may make a meaningful investment for a slice of Indonesia’s most valuable startup, said one of the people. The talks may still fall apart or the terms may change.