Showing 1 - 10 of 204
Grab, GoTo accelerate merger talks
Bloomberg News, Published on 04/02/2025
» SINGAPORE — Grab Holdings Limited and GoTo Group have accelerated merger talks and target a deal this year, seeking to end years of losses in Southeast Asia's competitive internet market.
Asean and China are better together
Business, Published on 10/12/2024
» Recent data from fDi Markets shows manufacturing foreign direct investment (FDI) into the Association of Southeast Asian Nations (Asean) now exceeds that going into China. This could be seen as evidence that Asean's gain is China's loss, as geopolitical tensions drive international businesses to diversify their supply chains.
Grab lifts forecast as earnings top estimates
Published on 12/11/2024
» The super-app operator Grab has raised its earnings forecast for the year after quarterly profit topped estimates, helped by cost cuts to tackle the effects of intense competition in Southeast Asia’s ride-hailing and delivery markets.
Southeast Asia’s digital economy slows as consumers cut spending
Published on 05/11/2024
» Southeast Asia’s internet economy will log its slowest growth on record this year, a group of researchers said, underscoring weakness in consumer demand and a push to show profits instead of revenue gains.
Indonesia asks Apple, Google to block China's Temu to protect small merchants
Reuters, Published on 12/10/2024
» JAKARTA - Indonesia has asked Alphabet's Google and Apple to block Chinese fast fashion e-commerce firm Temu in their application stores in the country so it cannot be downloaded, a minister said on Friday.
Indonesian app-based taxi drivers strike in protest over low pay
Published on 29/08/2024
» JAKARTA: Over 1,000 motorcycle taxi drivers staged a strike in several Indonesian cities on Thursday to protest against low pay, and called on the government to provide more protection against what they say are unfair practices by ride-sharing companies.
TikTok announces $1.5bn deal to restart Indonesia online shop
AFP, Published on 11/12/2023
» JAKARTA: TikTok on Monday announced a $1.5 billion investment in GoTo in a deal that would allow the Chinese-owned short video app to restart its online shop in Indonesia.
Chinese delivery giant eyes Foodpanda
Published on 17/11/2023
» The Chinese delivery giant Meituan is exploring a potential acquisition of the Foodpanda delivery business in Southeast Asia, as it looks to diversify beyond its domestic market, according to people familiar with the matter.
Grab delivers first-ever profit
Published on 10/11/2023
» Grab Holdings Ltd posted its first-ever profit on an adjusted basis, a milestone for the decade-old Southeast Asian ride-hailing and food delivery company trying to convince investors of its earnings potential.
Slower growth seen in regional internet economy
Published on 01/11/2023
» Southeast Asia’s internet economy will log its slowest growth since 2017 this year, researchers said on Wednesday, as they reduced near-term e-commerce spending estimates for the region by 13%.