
GoTo stays focused on profitability even as its loss widens
Indonesia’s GoTo reported a loss of $2.6 billion for 2022, 56% higher than last year. However, GoTo’s 2022 revenue also doubled in the same time period. Read more…
Indonesia’s GoTo reported a loss of $2.6 billion for 2022, 56% higher than last year. However, GoTo’s 2022 revenue also doubled in the same time period. Read more…
Viacom18 is reportedly planning to create a new super app that will host its various digital streaming platforms, to take on Amazon, Disney and Netflix. Read more…
South Korea’s Kakao suffered a massive outage over the weekend, triggering a sharp political backlash and calls for increased scrutiny on its market dominance. Read more…
Elon Musk is suddenly talking about creating an “everything app” based around Twitter once he owns it. He means a super app. But why does he want one? Read more…
Grab has been on a downward spiral since its SPAC merger in December, but CEO Anthony Tan told investors the firm aims to break even by the second half of 2024. Read more…
Ride-hailing competition in Vietnam is set to intensify as Be Group secures a $60 million loan from Deutsche Bank to challenge existing market leader Grab. Read more…
Uber has rejected a Bloomberg report claiming that it has explored exiting the India market, saying it has never considered such a move. Read more…
Lyft and Uber had wildly different quarters revenue-wise. The reason is simple: in this business, size (and scale) really does matter. Read more…
As Gojek drivers feel the squeeze from the company’s algorithms dictating their work, they are turning to each other for support. Read more…
GoTo soars up to 23% in its market debut after its IPO raises $1.1 b, fuelling expectations of more unicorns from Indonesia’s tech sector. Read more…
Grab and Sea Ltd sink to the bottom of the MSCI Asean Index and lose a combined $71 billion in market value. They have plans to get it back. Read more…
Airasia is set to expand across Southeast Asia’s ride-hailing market with the launch of its service Airasia Ride in Bangkok next month. Read more…
Lazada CEO Chun Li says digital companies in SEA should steer away from creating walled-garden super apps, as this discourages competition. Read more…
GoTo Group plans to raise up to $1.25 billion through an IPO on the Indonesia Stock Exchange rather than jump on the SPAC bandwagon. Read more…
Gojek has announced a partnership with digital financial services platform MoMo to enable Gojek users in Vietnam to pay for their rides. Read more…
MoMo has become a leader in Southeast Asia’s fintech space as it aims to become the next big super app in the region. Read more…
Sea Ltd teams with with Blue Bird to launch a taxi ordering service in Indonesia, giving Shopee a mobility service to take on Grab and GoTo. Read more…
Indonesian super app GoTo has raised over $1.3 billion in pre-IPO financing. Analysts say that makes it the country’s biggest tech firm. Read more…
Super-apps are the next goal for the digital world, for the moment. As the number of apps rises above 3 million, something must change. Read more…
Reliance, parent of India’s 4G-only telco Jio, is reportedly “refurbishing” JioApp into a super app to include multiple consumer offerings. Read more…
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