Ride hailing startups fight many battles to stay on Jakarta roads
Despite the challenges, they have friends in very high places and a market that is going their way
Jakarta
FIRST there were the police dragnets. Then there were the threats of an outright ban to their business. When those failed, there were protests so violent they brought the capital to a standstill. Most recently there is the spectre of a slow death by a thousand regulatory cuts.
Welcome to the world of ride hailing apps in Indonesia. While their plight in South-east Asia's biggest economy has parallels elsewhere, what's different in Indonesia is that the startups have friends in very high places and a market that is going their way.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Ship that destroyed Baltimore bridge set to move on May 20
Baltic Exchange Shipping Insights
Lamborghini CEO sees fully electric supercars a ways off
Boeing shareholders back outgoing CEO pay deal despite safety woes
US tariffs on Chinese EVs hurt green transition, says XPeng boss
VW, Renault end talks to develop affordable EV