Indonesia’s GoTo says on track to meet full-year adjusted EBITDA break even target

Indonesia's largest technology firm PT GoTo Gojek Tokopedia Tbk (GoTo) says it is on track to meet full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) break even target after its adjusted EBITDA fell in the first quarter.

Indonesia’s GoTo foresees breakeven in 2024 after first quarterly profit

Indonesian biggest tech firm GoTo has foreseen its 2024 group adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to breakeven after achieving first quarterly profit.

GoTo, TikTok compliance with Indonesia’s trade regulation nears 100%, says GoTo CEO – report

Indonesian minister for small and medium enterprises Teten Masduki said last week TikTok had yet to comply with the regulation.

GoTo denies merger talks with Grab – report

The news came after Bloomberg reported last week that the companies had restarted discussions for a merger.

GoTo and TikTok complete merger, formalize strategic partnership for Indonesia

PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, and TikTok, a global entertainment platform, have on Wednesday announced the completion of their previously announced merger that aims to drive long term growth for Indonesia’s micro, small and medium enterprises (MSMEs) and digital economy.

GoTo Group, TikTok, and University Gadjah Mada to collaborate to develop Indonesia’s digital talent

PT GoTo Gojek Tokopedia Tbk (GoTo), Indonesia’s largest digital ecosystem, and TikTok, the global entertainment platform, have partnered Gadjah Mada University (UGM) to develop Indonesia’s digital talent. The duo have signed a memorandum of understanding with UGM to partner in the establishment of the GoTo x TikTok x UGM Technology Center - a digital talent…

GoTo receives validation from SBTi on its net-zero target

PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has on Thursday announced that its near and long-term greenhouse gas emissions reduction targets across all the countries it is present in have been validated by the Science Based Targets initiative (SBTi).

GoTo struck TikTok deal to stop market share slide, CEO says – report

TikTok Shop more than doubled its market share to 11 percent this year, Walujo said on a conference call with investors on Thursday. GoTo’s share of the pie shrank to 23 percent from 28 percent over that span, he was quote as saying.

Indonesia to audit TikTok, Tokopedia trial e-commerce tie-up – report

"We will give a three to four months period for trial because technology is not an easy thing. Maybe efforts to perfect it would be needed," Indonesia's Trade Minister Zulkifli Hasan said.

China’s Tik Tok to invest $1.5B in Indonesia’s GoTo

Chinese entertainment platform Tik Tok will invest $1.5 billion in Indonesia's largest digital ecosystem PT GoTo Gojek Tokopedia Tbk (GoTo Group). As part of the agreement, Tokopedia and TikTok Shop Indonesia’s businesses will be combined under the existing PT Tokopedia entity in which TikTok will take a controlling stake.