Facebook has gained a foothold in south-east Asia’s largest economy with an investment in Gojek, Indonesia’s biggest unicorn. The US social media group did not disclose the size of its investment, which is focused on GoPay, the Indonesian start-up’s payments arm, but people with knowledge of the matter said it was in the low hundred million dollars and takes Gojek’s current fundraising round to more than $3bn. Indonesia is one of the world’s largest social media markets, and one of four that chief executive Mark Zuckerberg targeted to first launch WhatsApp Pay. Read More...
Facebook has gained a foothold in south-east Asia’s largest economy with an investment in Gojek, Indonesia’s biggest unicorn. The US social media group did not disclose the size of its investment, which is focused on GoPay, the Indonesian start-up’s payments arm, but people with knowledge of the matter said it was in the low hundred million dollars and takes Gojek’s current fundraising round to more than $3bn. Indonesia is one of the world’s largest social media markets, and one of four that chief executive Mark Zuckerberg targeted to first launch WhatsApp Pay.
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