Facebook and PayPal invest in Southeast Asian ride-hailing giant Gojek. Facebook announced a participation in the Indonesian mobility service Gojek on Wednesday,
It was not until the end of April that Mark Zuckerberg had bought a stake of almost ten percent in the Indian mobile and e-commerce company Jio for $ 5.7 billion. On Wednesday, Facebook announced a stake in the Indonesian mobility service Gojek.
Indonesia's most valuable startup employs more than a million moped riders. They are taxi drivers, package suppliers and also deliver food from restaurants and street food. Facebook sees this as a profitable business model for the in-house messenger service Whatsapp and the opportunity to become more independent of the home market in the USA .
For both Jio and Gojek, Facebook's goal is to make Whatsapp the central platform for the exchange between customers and companies . Hundreds of thousands of restaurants and shops work together with the startup Gojek. How much Facebook paid to participate in Gojek is unknown. According to reports, it will be a low three-digit million amount, according to the "Handelsblatt".
Whatsapp has started "internally with important tests" for a long-awaited function
India and Indonesia are extremely important growth markets. The sales volume of the Indonesian digital economy has quadrupled since 2015 and the forecasts look promising. Facebook is by no means the only American company that wants to benefit from the good growth prospects. Also Paypal and Google are among Gojeks investors. The startup is currently valued at $ 10 billion.
Facebook has also been negotiating the launch of the Whatsapp Pay service in Indonesia since last year. The idea behind it: In future, money should be as easy to send as photos. A beta version has been running in India since 2018, but the nationwide launch is always being delayed.
Facebook's sales from Asia are still just 17 percent. That should change now with the new investments.