Indonesian tech giant GoTo's losses narrow as revenue jumps in Q1 2024
While gross revenue stood at 4.2 trillion rupiah in Q1 2024, the firm's net revenue rose by 63% to 3 trillion rupiah.
Stay updated with breaking news from Patrick Walujo. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
While gross revenue stood at 4.2 trillion rupiah in Q1 2024, the firm's net revenue rose by 63% to 3 trillion rupiah.
Indonesia's GoTo says on track for profitability
GoTo has acquired an 11.4% stake in the local multifinance firm PT Multifinance Anak Bangsa (MAB) for 32.45 billion rupiah ($2 million).
Indonesian tech firm GoTo will soon be 100% compliant with the trade ministry regulation banning in-app transactions on social media. TikTok, owned by ByteDance, acquired majority shares in GoTo's e-commerce unit Tokopedia.
Indonesian tech firm GoTo will in 1.5 months be 100% compliant with the country's trade ministry regulation that bans in-app transactions on social media, its CEO said on Wednesday. ...