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Ho Ho Ho: Google agrees with Temasek

In Indonesia, Internet, Private Equity, Temasek on 31/01/2018 at 7:31 am

Years ago, Temasek (along with big private equity firms KKR and Sequioa) invested in Indonesian unicorn Go-Jek. The company provides ride-hailing, food delivery and e-payment services.

Well now, Google has invested in Go-Jek as it seeks to further tap Indonesia’s growing internet economy. Google said on Monday it had chosen to invest in Go-Jek as “there was still more we can do to support and participate in Indonesia’s growth”, noting the country is home to the world’s fifth-largest population of internet users. It did not disclose the size of the investment.

Cybernuts should remember that Temasek and Ho Ching don’t always get things wrong (HO HO HO: How Shi**y is StanChart?).

In fact, Temasek (and GIC) like other professionally run SWFs (Think the Arabs but not the Chinese. Think the Chinese investment in Noble House that will be almost wipewd out.) often get investments more right than wrong.

Another deal Temasek (and GIC) got right: Xiaomi’s IPO will make anti-PAPpyists frus.

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  1. khazanah nasional berhad is the best in this region ?

  2. SCB always had the problem of not having a home base – its headquarter might be in UK, but it does little business there; it has many branches in middle east, africa and parts of east/southeast asia including being a note-issuing bank in HK with HKBank and Bank of China, but is not strongly present in any particular major market

    since temasek owns 20 some % of SCB and DBS, a merger would produce a bank with both strong domestic base and widely flung international network like HKBank though much smaller; however, the regulators in various important countries, HK in particular, might not look upon this favorably

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