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2025-01-08 14:02:18 -

GoTo CEO Patrick Walujo commits to long haul as profitability edges close
The 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...

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2025-01-08 13:26:55 -

Indonesia e-commerce firm Bukalapak to stop selling physical goods – report
Indonesian e-commerce firm Bukalapak said on Tuesday that it would stop selling physical items on its marketplace soon, Reuters reported. The announcement came amid tough competition from TikTok’s Tokopedia and Sea Ltd’s Shopee in Southeast Asia’s largest economy. Bukalapak, which went public in 2021, said in a statement that it later would only sell virtual products ranging...

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2025-01-10 15:33:10 -

Live commerce is Southeast Asia’s next chapter, and TikTok Shop is leading the way
For cross-border sellers targeting Southeast Asia, few platforms can rival the ecosystem and expertise TikTok Shop offers. Spread across the tapestry of globalization, some trade routes, established centuries ago, continue to thrive, adapting to modern contexts while retaining their vitality. Southeast Asia exemplifies this resilience—a region that remains a bustling market brimming with...

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2025-01-15 12:45:02 -

PropertyGuru CEO Hari V. Krishnan steps down; Lewis Ng appointed as new CEO
Singapore-based property technology firm PropertyGuru Group announced Monday that Hari V. Krishnan will step down as the company’s Chief Executive Officer (CEO). The firm said in a statement that after a decade of successful leadership and significant accomplishment, Krishnan has decided to pursue new interests. According to the statement, Krishnan has played a central role in...

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2025-01-15 12:56:04 -

Tracxn : Southeast Asia’s FinTech funding drops 23 percent in 2024
Southeast Asia’s (SEA) Fintech ecosystem witnessed total funding of $1.6 billion in 2024, a 23 percent drop from $2.1 billion in 2023 and a significant 75 percent decrease from$6.3 billion in 2022, Tracxn said Monday. The data platform said in a statement that the funding in 2024 returned to pre-pandemic levels, reflecting challenges posed by macroeconomic conditions, rising interest...

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