Indonesia's 1st billion-dollar startup raises $1.2 billion
Indonesia's first billion-dollar startup Go-Jek has reportedly closed a new $1.2 billion funding round led by Chinese internet giant Tencent at a valuation of $3 billion. The startup had raised $550 million in August 2016 at a $1.3 billion valuation. Go-Jek, which started as a call centre in 2010, is an on-demand bike service for courier, transport, and shopping services.