Facebook and PayPal invest in ride-hailing giant Gojek
It's the second international investment Facebook has made in the past six weeks
03 June 2020 - 17:57
Jakarta — Facebook and PayPal Holdings are investing in Gojek, a big boost for the Indonesian start-up’s digital payments business that propels the US companies into a fast-growing Asian internet arena.
It’s the second international investment Facebook has made in the past six weeks with a goal of getting more local businesses online, after the social media giant paid $5.7bn for about 10% of India’s Reliance Jio. It plans to build a commerce and payments business around WhatsApp, on top of letting businesses use the messaging service to interact with customers...
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