Indonesia's Go-Jek invests in online media startup as part of expansion

JAKARTA (Reuters) – Indonesian ride-hailing and online payment company Go-Jek has invested in digital media startup Kumparan as part of its expansion into online content, it said. Go-Jek, whose backers include Alphabe Inc’s Google and China’s Tencent Holdings, has grown rapidly since launching eight years ago in Indonesia, a country with a population of more than 250 million people. The company already offers a wide range of app-based services outside ride-hailing, such as food delivery and movie tickets, as it competes with the other main ride-hailing app operating in Indonesia, Singapore-based Grab, which bought the Southeast Asian business of Uber Technologies this year. Go-Jek said the investment in Jakarta-based media startup Kumparan had been done through its recently launched venture capital arm Go-Ventures, but did not disclose the size of its funding. Kumparan is a hybrid news and social media platform that enables users to create content. “There will be a series of strategic collaborations that we are exploring with Kumparan in supporting Indonesia’s technological developments,” said Go-Jek’s corporate affairs chief Nila Marita. Go-Jek is betting heavily on becoming an online multimedia content provider for Indonesia and set up its own in-house studio in 2018 to produce original films, in partnership with local film production houses. The company plans to eventually launch a subscription-based original content service. “At present, we are still in the exploration phase of the concept related to the creation of creative content,” a spokesperson for Go-Jek told Reuters. “As a local company, Go-Jek will continue to support local content creators.” window.RCOM_Data = {“header_uy2xg3khvh”:{“template”:”header”,”evergreens”:[{“url”:”https://www.reuters.com/news/world”,”name”:”World”,”sponsored”:false},{“url”:”https://www.reuters.com/finance”,”name”:”Business”,”sponsored”:false},{“url”:”https://www.reuters.com/finance/markets”,”name”:”Markets”,”sponsored”:false},{“url”:”https://www.reuters.com/politics”,”name”:”Politics”,”sponsored”:false},{“url”:”https://www.reuters.tv/”,”name”:”TV”,”sponsored”:false}],”topics”:[{“url”:”https://www.reuters.com/subjects/myanmar-reporters”,”name”:”Detained In Myanmar”,”sponsored”:false},{“url”:”https://www.reuters.com/energy-environment”,”name”:”Energy u0026 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expansion into online content, it said.u003c/pu003enu003cpu003eGo-Jek, whose backers include Alphabe Incu0027s Google and Chinau0027s Tencent Holdings, has grown rapidly since launching eight years ago in Indonesia, a country with a population of more than 250 million people.u003c/pu003enu003cpu003eThe company already offers a wide range of app-based services outside ride-hailing, such as food delivery and movie tickets, as it competes with the other main ride-hailing app operating in Indonesia, Singapore-based Grab, which bought the Southeast Asian business of Uber Technologies this year.u003c/pu003enu003cpu003eGo-Jek said the investment in Jakarta-based media startup Kumparan had been done through its recently launched venture capital arm Go-Ventures, but did not disclose the size of its funding.u003c/pu003enu003cpu003eKumparan is a hybrid news and social media platform that enables users to create content.u003c/pu003enu003cpu003e”There will be a series of strategic collaborations that we are exploring with Kumparan in supporting Indonesia‚Äôs technological developments,” said Go-Jeku0027s corporate affairs chief Nila Marita.u003c/pu003enu003cpu003eGo-Jek is betting heavily on becoming an online multimedia content provider for Indonesia and set up its own in-house studio in 2018 to produce original films, in partnership with local film production houses.u003c/pu003enu003cpu003eThe company plans to eventually launch a subscription-based original content service.u003c/pu003enu003cpu003e”At present, we are still in the exploration phase of the concept related to the creation of creative content,” a spokesperson for Go-Jek told Reuters. u003c/pu003enu003cpu003e”As a local company, Go-Jek will continue to support local content creators.”u003c/pu003enu003cpu003eu003c/pu003en”,”attribution”:{“type”:”default”,”content”:”Reporting by Fanny Potkin; Editing by Robert Birsel”},”images”:[{“url”:”//s3.reutersmedia.net/resources/r/?mu003d02u0026du003d20180908u0026tu003d2u0026iu003d1302115738u0026ru003dLYNXNPEE87096″,”title”:”A Go-Jek driver rides a motorcycle on a street in Jakarta, Indonesia”,”caption”:”A Go-Jek driver rides a motorcycle on a street in Jakarta, Indonesia, December 15, 2017. REUTERS/Beawiharta”}],”channel_stories”:[{“id”:”USKCN1LN1MH”,”updated”:1536368857,”headline”:”Tesla shares reel as executives quit and CEO smokes pot on webcast”,”path”:”/article/us-tesla-moves/tesla-shares-reel-as-executives-quit-and-ceo-smokes-pot-on-webcast-idUSKCN1LN1MH”,”image”:”//s3.reutersmedia.net/resources/r/?mu003d02u0026du003d20180907u0026tu003d1u0026iu003d1301960101u0026ru003dLYNXNPEE8610M”},{“id”:”USKCN1LN2R1″,”updated”:1536381909,”headline”:”Alibaba co-founder Jack Ma to retire: New York Times”,”path”:”/article/us-alibaba-moves/alibaba-co-founder-jack-ma-to-retire-new-york-times-idUSKCN1LN2R1″,”image”:”//s1.reutersmedia.net/resources/r/?mu003d02u0026du003d20180908u0026tu003d1u0026iu003d1302099588u0026ru003dLYNXNPEE87070″},{“id”:”USKCN1LN2JY”,”updated”:1536364670,”headline”:”Apple says U.S. tariffs on China would hit u0027wide rangeu0027 of products”,”path”:”/article/us-apple-tariffs/apple-says-u-s-tariffs-on-china-would-hit-wide-range-of-products-idUSKCN1LN2JY”,”image”:”//s1.reutersmedia.net/resources/r/?mu003d02u0026du003d20180907u0026tu003d1u0026iu003d1301998083u0026ru003dLYNXNPEE861OA”}],”description”:”Indonesian ride-hailing and online payment company Go-Jek has invested in digital media startup Kumparan as part of its expansion into online content, it said.u003c/pu003enu003cpu003eGo-Jek, whose backers include Alphabe Incu0027s Google and Chin”,”dart_zone”:”us.reuters/business/article”,”link_to_parent”:false,”show_others_in_parent”:false,”canvas_enable”:false},”translations”:{“shared”:{“disclaimer”:”Disclaimer”,”sponsored_content”:”Sponsored”,”related_coverage”:”Related Coverage”,”sponsored_topics”:”Sponsored”,”sponsored_stories”:”Sponsored”,”updated”:”Updated []”,”slideshow”:”Slideshow”,”featured”:”Featured”,”edition”:”Edition”,”trending”:”Trending”,”advertisement”:”Advertisement”,”visit_now”:”Visit Now”,”show_full_article”:”Show Full Article”,”breaking_news”:”Breaking News”,”live_update”:”Live Update”,”the_wire”:”The Wire”,”image_count”:”[] Images”,”sections”:”Sections”,”get_the_app_banner_top”:”Better questions. 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