Indonesian Uber rival Go-Jek closes in on new $1.2 billion round

Go-Jek, the on-demand transportation company that rivals Uber and Grab in Indonesia, is getting close to pulling in its next huge funding round.

That’s because, the China-based e-commerce firm that rivals Alibaba, has agreed to join Go-Jek’s upcoming $1.2 billion round, a source with knowledge of discussions told TechCrunch. The news was first reported by The Information.

We reported on the upcoming round, which would value Go-Jek at $3 billion post-money, in May when sources told us that Tencent had formally agreed to lead the deal. It looks like it has taken slightly longer to pull things together than was anticipated at the time, but the addition of — a long-term Tencent partner, which is reportedly putting $100 million in — it is close to being…

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