Page 14 - Patrick Walujo News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(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