The market share of Gojek is almost 80 percent

INDUSTRY.co.id - Jakarta - The Business Competition Supervisory Commission (KPPU) revealed GO-JEK's market share in Indonesia's Indonesia's ride-hailing transportation industry reached nearly 80 percent.

KPPU's data revealed that GO-JEK's market share of 79.20 percent was calculated based on several parameters and the remaining owned by GRAB amounted to 14.69 percent plus UBER of 6.11 percent.

So that after UBER was acquired by GRAB, the market share of Malaysian-based online transportation companies in Indonesia's ride-hailing industry was 20.8 percent.

In the statement received by KPPU Commissioner Kodrat Wibowo, on Wednesday, the Indonesian ride-hailing industry market share data was concluded since April 2018.

"After GRAB has acquired UBER's assets, GRAB's market share reaches 20.80 percent and GO-JEK is 79.20 percent," he said.

In analyzing the market share of the ride-hailing industry, Nature reveals that KPPU has calculated several variables, including similarities in products and services.

"Well, right now the GO-JEK business is actually developing into other businesses such as GO-SEND, GO-FOOD, GO-CLEAN, GO-PAY and others. So GO-JEK not only provides applications for online transportation, "Kodrat told the media crew.

Thus, he continued, the scope of GO-JEK's consumers and market segments has the potential to expand along with the development of its business lines, so that the calculation of its market share has the potential to be separated based on its services.

On that basis, GO-JEK competition as a whole cannot be head-to-head with GRAB anymore in calculating market control in technology-based service industries in Indonesia.

"Because they (GO-JEK) diversify their business as an applicator company," explained Kodrat.

In connection with GRAB's announcement that it claims to control Indonesia's "ride-hailing" industry by 65 percent, according to Kodrat, it could be based on its own calculations from the Malaysian applicator.

"It's OK even though (market share) is a unilateral claim (GRAB)," he said.

KPPU, according to Kodrat, continues to carry out the supervisory function of the applicator company in relation to the partnership with GO-JEK and GRAB partners.

GO-JEK business competition with GRAB is monitored in accordance with regulations, because business dynamics continue to grow, he said.

Consideration of the dynamics also prompted the KPPU to review the revision of Law Number 5 of 1999 concerning Prohibition of Monopolistic Practices and Unfair Business Competition.

"The purpose of the revision of this Act is that the regulatory points are in line with the development of digital business in the present and the future," he explained