State-backed Cool Japan Fund to invest $50m in Indonesia's Gojek

Photo by Gojek

The state-backed Cool Japan Fund will invest about $50 million in Indonesian ride-hailing startup Go-Jek, seeking to add Japanese content to the multi-service company’s new video streaming offering and promote Japanese cuisine.

Go-Jek operates one of Southeast Asia’s largest online platforms. The company said it has 155 million downloads for its services ranging from ride-hailing and food delivery to mobile payments.

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