Goto Ltd

Indonesia’s GoTo denies merger talks with ride-hailing rival Grab

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A Gojek driver looks at a smartphone in Jakarta, Indonesia, on Monday, Dec. 11, 2023. ByteDance Ltd.’s TikTok agreed to invest $1.5 billion in a joint venture with Indonesia’s GoTo Group that it will control, part of a pact that lets the Chinese company restart its shopping app in its biggest online-retail market. Photographer: Dimas Ardian/Bloomberg via … Read more

Sea’s progress pivot at expense of earnings stems from e-commerce competitors

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Forrest Li, chief govt officer of Sea Ltd., in Singapore, on Wednesday, Might 3, 2023. Ore Huiying | Bloomberg | Getty Pictures Shares of Southeast Asian tech big Sea plummeted this week after lacking income expectations and saying it might deal with progress over earnings — a reversal from current cost-cutting measures within the face … Read more