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Sharing Economy

Go-Jek loses appeal in Philippines, dashing hopes to chase Grab

Indonesian unicorn rejected over foreign ownership rules

Go-Jek is expanding outside its home market of Indonesia in its battle with Singapore-based Grab.   © Reuters
CLIFF VENZON, Nikkei staff writer | Philippines

MANILA -- A Philippine transport regulator has rejected a new request by Indonesian ride-hailing company Go-Jek to offer services in the country, due to restrictions on foreign ownership.

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