Internet giant Tencent Holdings is reportedly in talks with Indonesian unicorn app Go-Jek about a potential investment, according to technology news website theinformation.com.
Details on the potential size of the investment haven't been revealed.
Tencent Holdings is one of the three Chinese Internet conglomerates whose business covers a wide range of sectors such as media, entertainment and the Internet.
It is also an investor in Didi Chuxing, which owns a minority stake at Go-Jek's competitor Grab.
Go-Jek is one of Indonesia's largest start-ups by valuation and is also the market leader in the country.
The Sequoia Capital-backed start-up was valued at around $1.3 billion last year when it raised $550 million from KKR and Warburg Pincus. Go-Jek has yet to comment on the report.
(Source: Global Times)
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