View: Automaker Ola Electric’s IPO is putting Modinomics to the testOla Electric, a significant Indian automaker, saw its IPO shares soar by 42% early on. The company's future success is closely tied to gove...
14 Aug, 2024, 03.46 PM IST
TikTok to invest $1.5 billion in GoTo's Indonesia ecommerce businessChinese short-video making platform TikTok on Monday committed to invest $1.5 billion in Indonesian firm GoTo's e-commerce unit Tokopedia t...
11 Dec, 2023, 03.18 PM IST
TikTok to invest $1.5 billion in GoTo's Indonesia ecommerce businessThe deal comes after Indonesia in October banned online shopping on social media platforms to protect smaller merchants and users' data, fo...
11 Dec, 2023, 01.43 PM IST
Indonesia's tech giant GoTo reports significant drop in Q3 underlying lossesGoTo, which offers ride-hailing, e-commerce, and financial services, said its net losses for the period were at 2.4 trillion rupiah, a drop...
30 Oct, 2023, 04.50 PM IST
Ant group’s early investor Primavera closes fourth fund at $4 billionThe fundraising by Primavera, which invests primarily in China but has diversified into Southeast Asia and North America over the years, co...
30 May, 2023, 10.06 AM IST
Indonesia's GoTo to cut 1,300 jobs to step up cost cutting"Challenging global macroeconomic conditions are having a significant impact on businesses around the world and GoTo, like other prudent co...
18 Nov, 2022, 11.00 AM IST
Indonesia's GoTo Tokopedia falls as low as 3.14% on 2nd day of tradingThe shares rose as much as 15.7% earlier in the session before erasing its gain. GoTo gained 13% on its debut trading a day earlier.
12 Apr, 2022, 11.19 AM IST
GoTo sizzles on debut, sets tone for booming Indonesia tech sectorGoTo soared as much as 23% in its stock market debut on Monday after Indonesia's largest tech company raised $1.1 billion in a widely antic...
11 Apr, 2022, 10.11 AM IST
GoTo seeks to buck tech sector slump with $1.1 billion Indonesia IPOGoTo is selling 4% in shares with most taken up by funds. Backed by names such as SoftBank Group Corp's Vision Fund 1, Alibaba Group Holdin...
08 Apr, 2022, 02.37 PM IST
India’s EV battery race is led by a newbie scooter makerOla Electric Mobility Pvt., a Bengaluru-based startup, will get state support to manufacture EV batteries that can store a total of 20 giga...
29 Mar, 2022, 11.09 AM IST
Banks hire for $93 billion India, Southeast Asia tech deal huntGlobal lenders Barclays Plc and Citigroup Inc. have created new senior roles, while regional and boutique players are staffing up to captur...
19 Oct, 2021, 11.41 AM IST
Overlooked IPO markets suddenly booming as China deals slowTech companies from India, South Korea and Southeast Asia have raised $8 billion from first-time share sales this year, already blowing pas...
29 Aug, 2021, 09.12 AM IST
Indonesian blockbuster IPO to set tone for Southeast Asia tech sectorPT Bukalapak.com Tbk, a 11-year-old e-commerce company backed by Ant Group, Singapore sovereign fund GIC and local media and tech conglomer...
06 Aug, 2021, 08.30 AM IST
Zomato serving a hot but pricey IPO during a tech cold warA law on personal data protection, and another on use of non-personal information, may be up next. That could be important for Zomato.
14 Jul, 2021, 02.13 PM IST
View: Can Masa Son outshine SPAC superstar Chamath Palihapitiya?SoftBank managed to raise only $600 million last year in the US SPAC boom. Chamath Palihapitiya, a venture capitalist and social influencer...
04 Mar, 2021, 07.31 PM IST
Dear Alibaba, thank you for the $10 trillion giftAlibaba has raised about $11-bn in Hong Kong's largest issuance of stock since 2010.
29 Nov, 2019, 09.58 PM IST