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

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

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’sĀ GoTo GroupĀ that …

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Categories World

Sea’s growth pivot at expense of profits stems from e-commerce competition

by Ev Richard
Sea’s growth pivot at expense of profits stems from e-commerce competition

Forrest Li, chief executive officer of Sea Ltd., in Singapore, on Wednesday, May 3, 2023. Ore Huiying | Bloomberg | Getty Images Shares of Southeast Asian tech giant Sea plummeted …

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Categories Technology

Japanese technology giant announces unexpected financial loss

by Ev Richard
Japanese technology giant announces unexpected financial loss

SoftBank reported a surprise loss in the first quarter covering April-June, despite an investment gain from its massive tech-focused Vision Fund. Here’s how the company did: The SoftBank group reported …

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Categories Technology

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