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Posts Tagged ‘Goggle’

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.