Page 7 - Patrick Walujo News Today

Ride-hailing service GoJek under GoTo Gojek Tokopedia, has introduced its multimodal service solution GoRide Transit which integrates its GoRide ride-hailing service and public transportation service in one transaction.

GoTo Group has sold its on-demand video platform GoPlay to the unit’s former CEO Edy Sulistyo as part of the Indonesian tech giant’s plan to shed non-core assets and become Ebitda profitable by the end of the year.

Some results were better than others, but Sea Group, Grab and GoTo all continue to struggle with the fundamentals.

Indonesia's biggest tech firm GoTo on Tuesday said it had slashed underlying losses in the second quarter to US$78.25 million.

GoTo said on Tuesday that it had managed to cut its losses in the first half of the year as the tech giant’s cost-cutting measures helped to improve its bottom line.

(Bloomberg) -- GoTo Group cut its 2023 loss projection after staunching some of the bleeding in the second quarter, taking the Indonesian internet leader closer to its goal of getting into the black after an era of costly expansion.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Fourth Indictment Lays Out Sweeping Georgia Election PlotOut of Options and Money, Argentina Pres

The group's net revenue doubled to 6.9 trillion rupiah in Jan-June, from 3.4 trillion rupiah a year earlier.

Besides tech, Beijing has been trying to revive its troubled property market, including announcing rules to ease down-payment and mortgage rates for first-home buyers.

Andre Soelistyo has resigned from his position as the president director of Indonesian superapp and e-commerce platform provider GoTo.

Consumer-tech darlings are struggling to grow rapidly while becoming profitable | Business