TikTok Mulls Investing in Indonesia’s GoTo to Revive Online Shop
ByteDance Ltd.’s TikTok is in talks to invest into a unit of Indonesia’s GoTo Group, one of several
2023-11-22 18:23
Sea Plunges 22% After Unexpected Loss From Rising Competition
Sea Ltd. plummeted after reporting a surprise loss in the third quarter, hit by intensifying competition from Alibaba
2023-11-15 08:59
Singapore’s Grab Hits Adjusted Profit, Decade After Founding
Grab Holdings Ltd. posted its first-ever profit on adjusted basis, a milestone for the decade-old Southeast Asian ride-hailing
2023-11-09 20:22
Sea, Grab Face Slowest Southeast Asia Online Growth in Years
Southeast Asia’s internet economy will log its slowest growth on record this year, a group of researchers said,
2023-11-01 17:57
GoTo Recovers From 19% Swoon After Founder’s Surprise Sale
GoTo Group recouped most of its losses after revelations of a sale of stock by a co-founder ignited
2023-10-16 17:29
TikTok’s E-Commerce Ambitions Stall as Global Backlash Grows
Teten Masduki couldn’t stop talking about TikTok. In a July meeting with his team, the Indonesian minister broke
2023-09-28 14:15
TikTok’s E-Commerce Ambitions Dealt Blow as Indonesia Adds Curbs
Sea Ltd. gained a further 5% after Indonesia introduced sweeping regulations that will curb arch-foe TikTok’s efforts in
2023-09-28 09:55
Sea’s $10 Billion Wipeout Lays Hard Road Back From Tech Crash
Sea Ltd.’s historic 29% tumble erased close to $10 billion from its market value, wiping out a quarter
2023-08-16 12:57
Internet Firm Sea Misses Sales Estimates on Slowing E-Commerce Demand
Sea Ltd.’s revenue missed estimates after its e-commerce division posted slowest growth on record, reflecting fallout from economic
2023-08-15 19:55
Indonesia’s GoTo Cuts Loss After Bottom-Line Focus Pays Off
GoTo Group narrowed losses after prioritizing the bottom-line over revenue growth, taking the Indonesian internet leader closer to
2023-08-15 16:15
China Ending Years-Long Crackdown Restores Optimism as Tech Giants Report
China wrapping up its crackdown on tech firms and switching to supporting the industry sets the tone as
2023-08-14 11:19
GoTo CEO Soelistyo to Step Down, Patrick Walujo Named Successor
Andre Soelistyo will step down as chief executive officer of GoTo Group, a surprise move that comes just
2023-06-08 17:24