Minjun ParkE-Tailing
Tokopedia and TikTok Shop Lift Indonesian Merchant Sales 51 per Cent
Gross merchandise value rose 14 per cent across the joint #BeliLokal programme as nearly 700 million local products were sold in the first half of 2026.
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goto
Every story tagged goto on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged goto
11 stories in this topic
Wei ZhangStartups
GoTo Sees Second Quarter of Profit, Fueled by Fintech Boom
Indonesia’s leading ride-hailing company, GoTo, announced its second successive quarterly net profit on Wednesday. The positive financial outcome was underpinned by significant expansion in its fintech sector and continued fiscal prudence. For the quarter…
Minjun ParkStartups
Grab and GoTo Yield to Pressure: Slash Driver Commissions in Indonesia
Indonesia’s GoTo, a ride-hailing and food delivery company, alongside Singapore-based Grab, announced they will reduce the per-trip commissions for their two-wheeled driver partners in Indonesia. Beginning July 1, the commission rate will be slashed from 20%…
Minjun ParkStartups
Indonesia’s GoTo narrows losses and on track
Indonesia’s biggest tech firm GoTo on Tuesday said it had slashed underlying losses in the second quarter to US$78.25 million, down from $280 billion a year earlier, helped by intense cost-cutting measures. GoTo, backed by Japan’s SoftBank Group and…
Rajiv MenonStartups
Grab Aims for Strategic Acquisition of Indonesia’s GoTo by Q2
Grab is stepping into the spotlight with plans to acquire GoTo, Indonesia’s dynamic tech giant, in a deal tantalizingly pegged around $7 billion. According to sources, the Singaporean-based company has enlisted advisors to navigate the intricacies of this…
Wei ZhangE-Tailing
GoTo posts first full-year underlying profit
Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia forecast a sharp increase in its underlying earnings for 2025 on Wednesday, and also posted its first ever full-year underlying profit. GoTo, which offers ride hailing, food deliveries, logistics and…
Maria SantosStartups
GoTo, TikTok will be wholly compliant with Indonesia’s trade regulation
Indonesian tech firm GoTo and Chinese-owned partner TikTok will be wholly compliant in a month and a half with the Southeast Asian nation’s regulation that bans in-app transactions on social media, GoTo’s CEO said on Wednesday. Short video app TikTok acquired…
Aiko TanakaStartups
Indonesia’s GoTo posts $201.9 million quarterly loss
Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia Tbk posted a narrower adjusted EBITDA loss for the fourth quarter of 2022 of 3.1 trillion rupiah ($201.89 million), the firm said on Monday. GoTo posted 6.5 trillion rupiah in adjusted EBITDA (earnings…
Minjun ParkStartups
Indonesia’s GoTo to cut 1300 jobs to step up cost cutting
Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia Tbk said on Friday (Nov 18) it was laying off 1,300 workers, or 12 percent of its workforce, joining a wave of technology firms retrenching after years of rapid hiring due to an uncertain economic outlook.…
Rajiv MenonStartups
Indonesia’s GoTo posts net loss, warns of volatile market
PT GoTo Gojek Tokopedia – whose businesses straddle e-commerce, on-demand apps and finance – saw its losses between January and June more than double from the same period the previous year. “2022 has been a volatile year in our market and the macro conditions…
Rajiv MenonGeneral
GoTo shares surge 23 per cent after IPO
Shares of GoTo soared as much as 23 percent in their market debut on Monday after Indonesia’s largest tech company raised $1.1bn in a widely anticipated IPO, setting the mood for other tech offerings. GoTo shares climbed to as much as 416 rupiah ($0.029)…