NewsGoTo posts EBITDA profit in Q1 as Grab merger rumors simmerGoTo’s delivery, mobility, and fintech units all posted gains. 2 mins read
Bringing you the latest updates on funding deals and activities in the Asia Pacific. NewsDeals in brief: Grab reportedly in GoTo takeover talks, Kyberlife and Bluesify raise funding, Fore Coffee targets Indonesia IPO, and more4 mins read
The upstart expands in Southeast Asia, challenging Uber with its Hong Kong entry. NewsSingapore ride-hailing app Tada innovates by putting drivers first3 mins read
The CEO’s extended tenure reflects confidence in GoTo’s growth trajectory amid fierce competition in Southeast Asia. NewsGoTo CEO Patrick Walujo commits to long haul as profitability edges closer2 mins read
Meanwhile, the investors are prizing profitability over merely cutting losses. NewsASEAN tech stars Grab, GoTo, and Sea fight to retain market sparkle4 mins read
The exit is the latest step in GoTo’s quest for profitability, as it narrows its focus to Indonesia and Singapore. NewsGoTo pulls out of Vietnam as it doubles down on core markets2 mins read
With GMV skyrocketing to USD 16.3 billion in 2023, TikTok Shop is shaking up Southeast Asia’s e-commerce market, giving Shopee and Lazada a run for their money. InsightsTikTok Shop’s GMV soared in 2023, putting Shopee and Lazada on edge7 mins read
Tied to the fortunes of SoftBank’s Vision Fund, the tech sector must now sink or swim. InsightsFrom Grab to GoTo, Southeast Asia’s startups weather funding winter12 mins read
The e-commerce landscape in Indonesia has come full circle with TikTok completing its comeback story alongside its newfound partner, Tokopedia. NewsTokopedia and TikTok complete merger, cementing e-commerce partnership in Indonesia1 min read