By Anthony Shevlin

Allianz SE (ALV.XE) said Wednesday that its digital investment unit has invested $35 million in Indonesian mobile platform GO-JEK.

This is Allianz X's first investment in a southeast Asian-headquartered company, Allianz said, adding that it is now GO-JEK's sole international insurance shareholder.

Jakarta-based GO-JEK is a ride-hailing platform that also offers various consumer on-demand and payment services. The app has more than a million registered drivers serving customers in more than 50 Indonesian cities, Allianz said.

Write to Anthony Shevlin at anthony.shevlin@dowjones.com

(END) Dow Jones Newswires

April 11, 2018 06:09 ET (10:09 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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