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GoTo announces resignation of members of board of directors, commissionersIndonesia-based PT GoTo Gojek Tokopedia Tbk (GoTo), the parent company of Gojek and Tokopedia, has announced the resignation of members of its Board of Directors and Board of Commissioners. The firm said in a statement on last Friday that the company has received resignations from two members of the board of directors last Wednesday. Thomas Kristian Husted, resigning from his position as Vice...0 Σχόλια 0 Μοιράστηκε 7χλμ. Views 0 Προεπισκόπηση
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GoTo CEO Patrick Walujo commits to long haul as profitability edges closeThe CEO’s extended tenure reflects confidence in GoTo’s growth trajectory amid fierce competition in Southeast Asia. Patrick Walujo, CEO of GoTo Group, has committed to leading the Indonesian tech company through 2029. The announcement underscores the progress he has made in steering the company toward profitability, with GoTo reporting a positive adjusted EBITDA in late 2023 and...0 Σχόλια 0 Μοιράστηκε 11χλμ. Views 0 Προεπισκόπηση
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Indonesia’s GoTo Group achieves record profitability in 1Q25PT GoTo Gojek Tokopedia Tbk, the largest digital ecosystem in Indonesia, announced Tuesday its 2025 first quarter financial results. The Company reached record adjusted EBITDA in its Fintech and On-Demand Services units, as well as sustained year-on-year (y-o-y) core gross transaction value (GTV) growth, highlighting GoTo’s strong product mix and strategic execution across its integrated...0 Σχόλια 0 Μοιράστηκε 8χλμ. Views 0 Προεπισκόπηση
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Indonesia’s GoTo reaffirms 2025 adjusted EBITDA guidance after record breaking performancePT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has reaffirmed its 2025 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance of Rp1.4 trillion ($86.89 million)- Rp 1.6 trillion and remains on track to meet full-year targets. The firm said in a statement on Thursday that it has set new records for group core gross transaction...0 Σχόλια 0 Μοιράστηκε 2χλμ. Views 0 Προεπισκόπηση
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Indonesia’s GoTo secures $280M term loan facilityIndonesian technology giant PT GoTo Gojek Tokopedia Tbk. (GoTo) announced Thursday that it has entered into a new four-year term loan facility with a total size of Rp 4.65 trillion ($280 million). GoTo said in a statement the proceeds from the new facility will be used in part, to repay the amount outstanding under the company’s existing facility, which was agreed in November 2022, of...0 Σχόλια 0 Μοιράστηκε 90 Views 0 Προεπισκόπηση
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Indonesia’s wealth fund Danantara weighs role in $7B Grab-GoTo dealIndonesia’s sovereign wealth fund Danantara is considering a role in Grab Holdings Ltd’s planned $7 billion acquisition of GoTo Group, potentially allowing the country’s government to own a slice of an Asian internet powerhouse, Bloomberg reported on Friday. Danantara has started preliminary discussions with GoTo to acquire a minority stake in a combined entity, according to...0 Σχόλια 0 Μοιράστηκε 5χλμ. Views 0 Προεπισκόπηση
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Indosat and GoTo launch new 70 billion parameter Model with multilingual chat serviceIndonesian tech firm PT GoTo Gojek Tokopedia Tbk (GoTo) and telecommunication company Indosat Ooredoo Hutchison have announced the latest advancement in Indonesia’s open-source large language model (LLM) ecosystem with the launch of Sahabat-AI’s 70-billion parameter model and multilingual chat service. The duo said in a statement on Monday that building on the initial Sahabat-AI...0 Σχόλια 0 Μοιράστηκε 6χλμ. Views 0 Προεπισκόπηση
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Singapore’s Grab plans big convertible bond, fuelling hopes about GoTo dealSingapore-headquartered super app Grab Holdings Ltd announced plans for a $1.25 billion sale of bonds convertible into stock, fuelling speculation it’s bulking up its war chest to take over rival Southeast Asian delivery-and-transport provider GoTo Group, Bloomberg reported on Tuesday. Grab said it will issue convertible bonds that mature in June 2030, partly to fund potential...0 Σχόλια 0 Μοιράστηκε 5χλμ. Views 0 Προεπισκόπηση
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Singapore’s super app Grab looks to strike deal to acquire Indonesia’s GoTo in 2Q – reportUS-listed ride-hailing and food delivery firm Grab is looking to strike a deal to take over smaller Indonesian rival GoTo in the second quarter, two sources with knowledge of the matter said, Reuters reported on Wednesday, Singapore-headquartered Grab has hired advisors to work on the proposed deal, the two sources added. The deal is subject to terms such as financing, which Grab is in...0 Σχόλια 0 Μοιράστηκε 8χλμ. Views 0 Προεπισκόπηση
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