GoTo Gojek Tokopedia PT
China is still an important market even if investors diversify from it now, says Peak XV
Shailendra Singh. Lionel Ng | Bloomberg | Getty Images China will remain an important market for investors in the long term, even if other countries are now benefiting from investments flowing out of China amid escalating tensions with the U.S., according to Peak XV Partners, formerly Sequoia Capital India and Southeast Asia. “The China Plus […]
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TikTok to devote $1.5 billion in GoTo's Indonesia e-commerce business enterprise
TikTok’s logo is shown on a cell mobile phone monitor in Ankara, Turkiye on December 5, 2023. Didem Mente | Anadolu | Getty Visuals TikTok will just take a managing stake in an e-commerce unit of Indonesia’s major tech company PT GoTo Gojek Tokopedia, a partnership that will see the shorter movie app invest $1.5 billion around the lengthy phrase, […]
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Gig personnel are ‘here to stay’: Singapore minister on why they should not be remaining at the rear of
A GrabFood supply rider rides throughout the Jubilee Bridge at Merlion Park on July 2, 2022 in Singapore. (Photograph by Suhaimi Abdullah/NurPhoto by using Getty Illustrations or photos) Nurphoto | Nurphoto | Getty Visuals SINGAPORE — Gig employees in Singapore encounter “vulnerabilities” that need to be resolved, said the country’s manpower senior minister. Speaking to […]
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SoftBank’s Eyesight Fund posts fourth straight quarter of losses as tech slump hits Japanese giant
SoftBank’s Eyesight Fund, the brainchild of the company’s founder Masayoshi Son, has faced a amount of headwinds like a slump in technological innovation shares as a final result of increasing interest charges, a tough China market place and geopolitics. Kentaro Takahash | Bloomberg | Getty Visuals SoftBank’s flagship investment decision arm the Vision Fund posted […]
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Singapore’s 15 fastest-growing jobs for 2023, according to LinkedIn
Jobs that help companies digitize and grow amid economic volatility are on the rise in Singapore, according to LinkedIn. Its latest Jobs on the Rise data revealed spikes in hiring for growth specialists, technical jobs and health-care professionals in Asia — among other jobs expected to expand hiring well into 2023. Researchers from LinkedIn examined […]
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UBS expects this world wide tech stock to see a 60% upside in spite of headwinds and reopening worries
UBS is bullish on GoTo Team , and improved its 12-thirty day period score for Indonesian e-commerce and journey-hailing huge from “market” to “acquire.” GoTo shares surged as considerably as 33% for the duration of Tuesday investing soon after the Swiss expenditure lender did a double improve of the inventory. GoTo is a merged entity […]
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Indonesia’s GoTo has dropped practically 70% of its valuation given that its April IPO
A GoTo brand viewed displayed on a smartphone monitor and in the track record. Rafael Henrique | Sopa Photos | Lightrocket | Getty Photos Indonesia’s GoTo Team has shed 68.5% of its original price of 400 trillion rupiah ($28 billion) since its first public offering in April. Even though the inventory has ticked reduce most […]
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Indonesia’s GoTo to lower 1,300 employment — or about 12% of its headcount
A GoTo emblem viewed shown on a smartphone display and in the background. Rafael Henrique | Sopa Images | Lightrocket | Getty Photos Indonesian tech big GoTo Group declared Friday that it is laying off 1,300 individuals, or all-around 12% of its overall headcount. GoTo is the merged entity of ride-hailing enterprise Gojek and on […]
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Japan’s SoftBank returns to quarterly gain but unveils much more Vision Fund suffering
SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a amount of headwinds such as a slump in technology shares as a final result of increasing fascination costs, a rough China marketplace and geopolitics. Kentaro Takahash | Bloomberg | Getty Images Japan’s SoftBank Group Corp claimed its very first quarterly earnings […]
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E-commerce business Blibli up just about 5% in Indonesia stock debut
Indonesia Stock Trade Bloomberg | Bloomberg | Getty Illustrations or photos Shares of Indonesian e-commerce firm Blibli rose 4.9% in its Indonesian stock current market debut Tuesday, in what was the country’s next-premier original public presenting this calendar year. Shares of PT World-wide Electronic Niaga Tbk, which owns Blibli, climbed as substantial as 472 rupiah […]
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