This would be a major setback for JD.com and Tencent for their effort to build a foothold in Indonesia, the fourth most populous country in the world. It is known that Tencent is leading a round of US$1.2 billion into Go-Jek that is yet to close.
Both Alibaba and Tencent announced their Q2 results in the last 24 hours, with Tencent increasing net profit by 70%, while Alibaba growing its net profit by 96%, both beating the expectations of the most optimistic analysts.