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Morning Report: The great ridesharing boom continues, despite a complete dearth of profits.

Another day, another billion dollars flowing to a private company. Today, Indonesia-based  raised a $1.2 billion round according to both and .

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The funds are notable for their scale—any round that starts with a “b” is going to cause wave—and their source. Google is , putting $100 million or so into in the deal.

Google  back in 2013, far before the companies became enemies locked in expensive litigation. Now, it is backing an Uber rival. (For a far more expansive list of the various investments, partnerships, and the like in the ridehailing space, head here.)

Notably, the company is paying for the round in flesh. The $1.2 billion round is worth a huge chunk of Go-Jek, according to TechCrunch:

We understand the investment gives Go-Jek a valuation that is a touch above the $3 billion that Tencent agreed to invest at last year.

Ouch. That will leave a mark.

Regardless, there’s now even more money in ridehailing than ever before, at least from a money-in perspective. Uber, one of the two leading global companies in the space, lost billions last year and is working on a path to profitability so it can approach the public markets.

Go-Jek, on the other hand, is about to have a huge new wave of cash at its disposal. Who needs to go public?

From The :

• Apple will make a one-time US tax payment of about $38 billion and repatriate most of the estimated $252 billion in cash it currently holds overseas. The company said it plans to invest $30 billion in capital expenditures in the US in the next five years, open a new campus, and create over 20,000 new jobs.

SurveyMonkey said to plan IPO

• After 19 years as a private company, online polling provider  is reportedly planning an IPO. The Silicon Valley company has raised more than $1.1 billion in venture and growth financing to date, with annual revenues believed to well exceed $200 million.

• Indonesia-based ride-hailing app  is reportedly raising capital from Google, Singapore’s Temasek and China’s Meituan-Dianping as part of a $1.2 billion fundraising round to help compete with heavily funded rivals Grab and Uber.

Bio trends look bullish

• VCs seem to think it’s still early innings in the current life sciences cycle. Though tech may dominate the headlines in startup-land, it’s bio and healthcare that are seeing record influxes of capital, °µÍø³Ô¹Ï News reports.