Page 2 - Patrick Walujo News Today

This edition features a recap of PE-VC and startup headlines from SE Asia, China, and India in the week gone by.

(Bloomberg) -- Southeast Asia’s biggest ride-hailing companies, Grab Holdings Ltd. and GoTo Group, have restarted talks for a merger, a potential blockbuster combination aimed at staunching years of losses at both companies resulting from tough competition between the two.Most Read from BloombergA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaBiden’s Attempt to Address Memory Issue Backfires With New GaffeUkraine’s Army Chief Replaced After Rift With ZelenskiyNew...

The companies, also the food-delivery leaders in the region of more than 650 million people, are in preliminary discussions about a variety of scenarios, people familiar with the matter said.

Major shareholders of both companies support a deal and have been driving the talks, say sources. Read more at straitstimes.com.

Grab and GoTo Group have restarted talks for a merger to stop losses in the face of growing competition, Bloomberg reported.

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

Grab and GoTo reinitiate merger talks to counter fierce competition in food delivery, exploring various scenarios amidst investor support.

Southeast Asian ride-hailing and food-delivery companies Grab Holdings and GoTo Group are reportedly in talks to merge as both companies compete for users.

The e-commerce landscape in Indonesia has come full circle with TikTok completing its comeback story alongside its newfound partner, Tokopedia.

2024’s first major industry conference provided deep insights into the trajectory of Indonesia’s growth story.