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Asia Startups E-commerce

Go-Jek to Buy Stake in JD.com’s Indonesian E-Commerce Business

Chinese online retail giant JD.com is trying to expand its business in Indonesia by deepening its alliance with local startup Go-Jek.

Go-Jek, whose app offers ride-hailing, food delivery and other services, plans to invest hundreds of millions of dollars in JD.com’s Indonesian e-commerce joint venture, a person familiar with the matter said. The deal values the joint venture, called JD.ID, at more than $1 billion, the person said.

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