Goto Ltd
Indonesia's GoTo denies merger talks with trip-hailing rival Get
A Gojek driver seems to be at a smartphone in Jakarta, Indonesia, on Monday, Dec. 11, 2023. ByteDance Ltd.’s TikTok agreed to make investments $1.5 billion in a joint venture with Indonesia’s GoTo Group that it will handle, aspect of a pact that lets the Chinese firm restart its browsing app in its biggest online-retail market place. […]
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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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Sea pivoted to development around earnings as it confronted mounting level of competition from TikTok, Lazada, analysts say
Forrest Li, main government officer of Sea Ltd., in Singapore, on Wednesday, May perhaps 3, 2023. Ore Huiying | Bloomberg | Getty Photographs Shares of Southeast Asian tech large Sea plummeted this 7 days after missing profits anticipations and expressing it would concentrate on progress about income — a reversal from latest value-chopping actions in […]
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SoftBank reviews shock decline in very first quarter but Eyesight Fund publications $1 billion expense obtain
Masayoshi Son, chairman and main govt officer of SoftBank Team Corp. Kiyoshi Ota | Bloomberg | Getty Illustrations or photos SoftBank documented a surprise decline in the very first quarter masking April-June, despite an financial investment obtain from its substantial tech-centered Vision Fund. Final quarter, SoftBank recorded a $32 billion decline at its Vision Fund […]
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Southeast Asia’s IPO sector is an trader favored amid global headwinds, Deloitte states
Obtain ASEAN Southeast Asia’s IPO industry is an investor most loved amid worldwide headwinds, Deloitte states Released Thu, Jul 6 20237:24 PM EDT Sheila Chiang Watch Live Supply
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Grab cuts 1,000 employment, its most significant spherical of layoffs considering that the pandemic
The headquarters of Grab Holdings Ltd., in Singapore. Grab Holdings Ltd., claimed its hottest earnings on Feb. 23, 2023. Bryan van der Beek | Bloomberg | Getty Visuals Singapore-based mostly Seize Holdings is reducing over 1,000 careers, its CEO claimed Tuesday, in a bid to take care of charges and reorganize the corporation in a […]
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TikTok to invest billions of dollars in Southeast Asia, CEO claims
TikTok CEO Shou Zi Chew speaks at the TikTok Southeast Asia Effect Forum in Jakarta on June 15, 2023. Bay Ismoyo | Afp | Getty Images Small online video app TikTok, owned by China’s ByteDance, reported on Thursday it would spend billions of pounds in Southeast Asia over the up coming couple several years, as it doubles […]
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Get, Gojek are ‘supportive’ of Singapore’s move to develop work security for gig workers
A GrabFood shipping rider in Singapore. Bryan van der Beek | Bloomberg | Getty Images Southeast Asian tech giants Get and Gojek mentioned they are “supportive” of suggestions manufactured by an advisory committee to increase gig worker protection in Singapore beginning in 2024. In Singapore, system or gig workers, frequently journey-hailing or food items shipping […]
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