Goto Ltd

TikTok to invest $1.5 billion in GoTo’s Indonesia e-commerce business

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TikTok’s logo is displayed on a mobile phone screen in Ankara, Turkiye on December 5, 2023. Didem Mente | Anadolu | Getty Images TikTok will take a controlling stake in an e-commerce unit of Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia, a partnership that will see the short video app invest $1.5 billion over the long term, the two … Read more

Grab cuts 1,000 jobs, its biggest round of layoffs since the pandemic

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The headquarters of Grab Holdings Ltd., in Singapore. Grab Holdings Ltd., reported its latest earnings on Feb. 23, 2023. Bryan van der Beek | Bloomberg | Getty Images Singapore-based Grab Holdings is cutting over 1,000 jobs, its CEO said Tuesday, in a bid to manage costs and reorganize the company in a competitive landscape. In … Read more

TikTok to invest billions of dollars in Southeast Asia, CEO says

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TikTok CEO Shou Zi Chew speaks at the TikTok Southeast Asia Impact Forum in Jakarta on June 15, 2023. Bay Ismoyo | Afp | Getty Images Short video app TikTok, owned by China’s ByteDance, said on Thursday it would invest billions of dollars in Southeast Asia over the next few years, as it doubles down on the … Read more