Go-Jek anticipating Singapore debut
Indonesian start-up Go-Jek is keeping a close eye on any potential fallout from the recent acquisition of Uber’s Southeast Asian operations by Grab before committing to a launch date in Singapore.
The Competition and Consumer Commission of Singapore (CCCS) is currently looking into the potential market ramifications of the move, although in early July, it provisionally found that the merger had substantially reduced competition.
The CCCS had suggested several counter-measures such as abolishing exclusivity clauses and maintaining pre-merger pricing algorithms.
A final report is forthcoming.
Andre Soelistyo, President of Go-Jek, reportedly told local broadsheet The Straits Times that this final report will have a “significant role in determining our entry strategy”.
"At the moment, commencing operations in the country carries a significant amount of risk due to market conditions and high costs. We need to understand the level of that risk before we can fully finalise our plans,” he added.
Nonetheless, he and the firm hope to launch within 2018, in the area of ride-hailing and logistics services to begin with, and eventually grow to have “hundreds of employees” within the country.