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GoTo Group
Results
Grab posts third straight quarterly profit on cost cuts
Grab has tried to curb expenses to boost profit, but competition from Indonesia’s GoTo keeps weighing on margins.
May 16, 2024
Results
GoTo posts IDR90.5 tril loss for FY2023; Tokopedia reversal contributes IDR78.8 tril
GoTo's group adjusted ebitda turned positive for the first time at IDR77 billion in 4QFY2024.
March 19, 2024
Broker's Calls
Indonesia’s attempt to separate TikTok Shop from social media app is positive for Sea: analysts
DBS has kept "buy" on Sea Limited with an unchanged target price of US$66.
September 08, 2023
New appointments
GoTo CEO Soelistyo to step down; Walujo named successor
Soelistyo, 39, helped carry out the merger that created Indonesia’s biggest internet company.
June 08, 2023
Tech
GoTo sells stake in store operator to focus on main businesses
The Jakarta-based ride-hailing and e-commerce company sold the stock for a total of 1.5 trillion rupiah ($130.6 million).
December 16, 2022
IPO
Star Southeast Asia unicorns see US$51 bil gone since listings
The Southeast Asian newcomers join a slump engulfing recently-listed Indian startups as investors question their high valuations.
December 13, 2022
Broker's Calls
UBS upgrades GoTo to 'buy' from 'sell' after seeing 'opportunity in adversity'
At its current share price, GoTo's valuations are deemed "attractive" by the analysts at UBS.
December 12, 2022
Labour market
Singapore gig workers to get more benefits, won't be employees
The new rules will require legislative changes and will become effective in the latter half of 2024 at the earliest.
November 24, 2022
Digital Economy
On the road to becoming digital native enterprises
Firms must integrate technology into all areas of their business to transform how they operate and deliver value to customers
September 28, 2021
Tech
What DiDi's IPO flop means for Grab and GoTo
It had been billed as the “IPO of the year” and the largest China listing in the US since e-commerce giant Alibaba Group Holdings.
July 02, 2021