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Indonesia's Astra buys $150m stake in Go-Jek

Car-to-banking conglomerate lands first major tech investment

Astra International President Prijono Sugiarto, second from left, and Go-Jek CEO and co-founder Nadiem Makarim, second from right, at a press conference in Jakarta on Monday.

JAKARTA -- Astra International, Indonesia's leading car-to-banking conglomerate, on Monday said it invested $150 million in ride-hailing app operator Go-Jek.

The deal marks Astra's first major investment in a technology company and highlights the wide range of interest that the startup and the country's fast-growing internet sector is attracting.

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