JAKARTA: Indonesian ride-hailing and payments firm Gojek on Thursday launched a video streaming service featuring original movies and TV shows, as the firm makes a big push into online content in Southeast Asia's largest economy, its entertainment chief said.
The launch of its Indonesian video platform sees the start-up, which is valued at US$10 billion based on its last round of fundraising in July, take on US streaming giant Netflix, Malaysian upstart Iflix, and Singaporean firm and Grab partner HOOQ in a fight for eyeballs in the country's fast-growing video streaming market.
Indonesia's internet economy is forecast to grow to US$100 billion by 2025, according to a 2018 study by Google and Singapore state investor Temasek, as more consumers use smartphones to go online.Subscriptions to the GoPlay mobile-only video streaming platform will start at 89,000 rupiah a month .
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