Shuli Ren, Columnist

Why Grab Doesn’t Have a Handle on Indonesia

Go-Jek, a home-grown rival, has an advantage in its digital-wallet offering, which the Singapore-based competitor can’t match.

November 5, 2018 at 11:00 PM UTC

By Shuli Ren

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

Indonesia’s go-go era.
Photographer: Dimas Ardian/Bloomberg

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A ride-hailing rivalry is gearing up in Southeast Asia.

With a fresh $2 billion war chest, Singapore-based GrabTaxi Holdings Pte is doubling down on its expansion into Indonesia. Meanwhile, Go-Jek Indonesia PT is tiptoeing into its main competitor’s home turf, and making a foray into Vietnam’s buzzing cities.