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Temasek

Google, Temasek investing in Indonesia’s Go-Jek as ride-hailing rivalry deepens: sources

SINGAPORE: Google, Singapore investor Temasek and China‚Äôs Meituan-Dianping are investing in Go-Jek as part of a $1.2 billion fundraising round, bolstering the Indonesian ride-hailing firm in its battle with deep-pocketed rivals Grab and Uber, sources said. The investments by Alphabet's Google - its first in a ride-hailing firm in Asia - and the other prominent investors underscore both the potential of the business in Southeast Asia, a region of 640 million people, and the insatiable appetite for funds at ride-hailing…