GoTo
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.
Indonesia’s GoTo reports significant drop in third quarter losses
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, on Monday announced that the firm has reported significant drop in third quarter losses, driven by improved monetization and disciplined management of operating expenses. The firm reported adjusted losses before interest, taxes, depreciation and amortization 942 billion rupiah…
GoTo Financial and Bank Jago launch GoPay Tabungan by Jago, a bank account and e-money service combined
GoTo Financial, GoTo's financial technology business unit, and Bank Jago, an Indonesia-listed technology-based bank, have on Thursday launched GoPay Tabungan by Jago, a bank account for daily transactions that can be accessed directly via the GoPay and Gojek applications.
GoTo secures $150M from IFC to drive sustainable business and financial inclusion across Indonesia
PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, has secured $150 million from the International Finance Corporation (IFC), a member of the World Bank Group. The duo have sealed a partnership to boost financial inclusion and sustainability across Indonesia.
Grab, GoTo may face new rules as Singapore reviews ride industry – report
The Land Transport Authority said on Thursday it is looking to change the framework for the taxi and ride-hailing industries. It will focus on availability of supply, resilience and the inclusivity of services, while also looking at matters such as the adoption of clean-energy vehicles.
Indonesia’s GoTo narrows losses in second quarter, closer to profitability
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has reported losses in the second quarter and it is on track for profitability. The firm's adjusted losses before interest, taxes, depreciation, and amortization narrowed to 1.2 trillion rupiah ($78.25 million) in the second quarter, driven by improved monetization and ongoing…
GoTo closer to profitability as net loss down 41 percent y-o-y in 1Q
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, said its net loss fell 41 percent year on year to 3.9 trillion rupiah ($265 million) in the first quarter of 2023, driven mainly by higher revenues and reduced incentives and product marketing spend.
GoTo accelerates profitability timeline, with adjusted EBITDA expected to turn positive in 4Q, 2023
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has on Friday announced that it has further accelerated its profitability timelines. The firm expects adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to become positive within the fourth quarter of 2023.
GoTo announces new leadership structure as it strengthens corporate governance and operational efficiency
PT GoTo Gojek Tokopedia Tbk (GoTo) has on Wednesday unveiled a strengthened GoTo Group leadership team, as the company continues to focus on enhancing corporate governance as well as faster and more efficient execution to drive the business towards profitability.
