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Google announced it had invested into Go-Jek. Go-Jek has found a useful ally for the next stage of the Grab-Go-Jek war.

由奥利弗·沃德

Google has picked a horse in the Go-Jek-Grab race. 一月底, the online behemoth 公布 it had invested in Go-Jek. Google refused to disclose the size of the investment, but analysts believe it may be as much as US$100 million.

The Indonesian ride-hail market is a pivotal market for the region

There is a lot at stake. The ride-hailing market in Southeast Asia is expanding at a phenomenal rate. Indonesia is the largest economy in Southeast Asia. It represents the bulk of this growth. A victory in Indonesia would have significant implications for the wider region.

资源: 日经

Securing Google as a backer is a major win for Go-Jek. Grab may have secured slightly more funding in the most recent round, but Google is a high-quality backer for Go-Jek.

来源: CNBC, 亚洲科技, Crunchbase, (一世), (II)

How will Google affect the war?

Grab has a far larger fleet size. 在 2017, Grab had 1.3 百万 drivers while Go-Jek had 654,000. Grab also operates in a few more cities than Go-Jek.

But Google will give Go-Jek an edge. 然而, it will not be in its ride-hailing sector. Google could help drive Go-Jek’s Go-Pay initiative. When Blibli.com invested in Go-Jek, there were plans to add Go-Pay as a payment option on the e-commerce site. With Google on board, Go-Pay may be able to refine its e-payment service. It should be able to roll it out across more e-commerce platforms. This will further diversify revenues.

Where next for the battle?

For Go-Jek, expanding its e-payment sector is a priority. Grab secured an e-money license in December 2017. It is trying to expand the use of its own e-payment service, GrabPay.

目前, GrabPay processes around 3.5 million transactions 一天. Go-Pay processes around 100 百万 一个月. There is little to separate the two but Go-Jek is hoping to change that.

In the closing weeks of 2017, Go-Jek bought three Fintech companies. It wanted to expand its grip on the e-payments market. Through Kartuku, Go-Pay will access to the top 100 enterprise retailers 在印尼. Another acquisition, Midtrans, had a commercial relationship with 3,000 online merchants. Go-Pay gained access to these merchants after the acquisition. It was able to expand the use of Go-Pay across Indonesia’s e-commerce market. With the acquisitions, Go-Pay now processes around $ 5美元十亿 of payments annually.

The next stage of the race will take place outside Indonesia. 抓 recently acquired a license to launch its Grab Pay services in Malaysia. 它也是 任命 a new Managing Director for Singapore, 马来西亚, 和菲律宾. Go-Jek is also planning an expansion to the Philippines this year.

Go-Jek founder and CEO, Nadiem Makarim said, “we are now taking Go-Jek to the next stage.” The next stage is dominating the e-payments market.

Grab will not go down without a fight. Google’s entry into the race may prove to be a watershed moment. It all depends on how much guidance and support it offers Go-Jek. If Google helps Go-Jek expand its e-payment services, Google will be a powerful ally to have in this war.