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View all search resultsIndonesia’s on-demand services app Go-Jek has come a long way from a delivery call center with 20 motorcycle taxi (ojek) drivers to more than a million drivers and an estimated valuation of US$9.5 billion. All within nine years time.
Despite the tensions and conflicts that have marred their emergence, application-based ride-hailing services have helped improve people’s connectivity and offered huge business opportunities, experts say.
Toyota Tsusho Corp., the automaker’s trading arm, will invest an undisclosed amount in Grab, Southeast Asia’s leading ride-hailing operator. Toyota Motor said it will work with Grab to provide services in the region, a year after the carmaker bought a small stake in Uber Technologies Inc. as it explores new revenue models.
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