Indonesia's GoTo denies merger talks with ride-hailing rival Grab
Indonesian tech giant GoTo in a Tuesday filing said it is "not having any discussion on such matters."
Source: cnbc.com
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Sea's growth pivot at expense of profits stems from e-commerce competition
Just months ago, Sea overhauled its business to focus on profitability amid high inflation and interest rates.
Source: cnbc.com
SoftBank Q1 earnings 2023: Japanese tech giant reports surprise loss
SoftBank surprised the market with a loss in the first quarter, though its Vision Fund booked a $1.1 billion gain on investments — its first in five quarters.
Source: cnbc.com
Southeast Asia's IPO market an investor favorite amid global headwinds: Deloitte
Southeast Asia's initial public offering market is showing promising signs amid a global IPO slowdown in the first half of 2023, said a new Deloitte report.
Source: cnbc.com
Grab cuts 1,000 jobs, its biggest round of layoffs since the pandemic
CEO Anthony Tan said the job cuts are not a "shortcut to profitability" but will enable Grab to adapt to the competitive business environment.
Source: cnbc.com