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Ride-hailing firm Go-Jek invests in news and social media platform Kumparan

Indonesian ride-hailing firm Go-Jek has invested in digital media business Kumparan as it continues to expand beyond its core business.

Reuters has reported Go-Jek has made an “investment” in the Indonesia start-up which is a news and social media platform that enables users to create content.

The deal was struck through Go-Jek’s recently-launched venture capital arm Go-Ventures, although no financial details were disclosed.

Go-Jek’s corporate affairs chief Nila Marita said the company is exploring a “series of strategic collaborations with Kumparan in supporting Indonesia’s technological developments”.

The deal also appears to tie in with the company’s plans to launch a subscription-based original content service which Go-Jek has said is in the “exploration phase”.

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