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Indonesian double unicorn GoTo posted USD 1.5 billion net loss in 2021

The merged company issued its first earnings report after going public last month.

2 mins read

Beijing’s regulatory crackdown on tech has prompted startup investors to diversify
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VCs raise record funds for Southeast Asia, India as money leaves China
4 mins read
Revenue in March quarter beats estimates, but growth still at record low.
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Alibaba skips earnings guidance as chairman warns of ‘uncertainties’
4 mins read
CALB racks up orders from carmakers seeking an alternative supply source.
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State-backed battery maker gives competitive jolt to China’s CATL
5 mins read
The Chinese ride-hailer has endured complex cybersecurity review by Beijing since its IPO.
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Didi shareholders back US delisting, shares fall 4%
3 mins read
Investors are being forced to “play the long game” amid unrelenting pressure from Beijing.
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Didi shareholders expected to back U.S. delisting plan
2 mins read
The super app firm narrows loss to USD 435 million in Q1 as Southeast Asian economies reopen.
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Singapore’s Grab to ‘taper’ incentives in drive for profitability
2 mins read
Latest outbreak hurts consumers and supply chains more severely, Xu Lei says.
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China lockdowns a ‘double killer’ of online, offline businesses, says JD.com CEO
2 mins read
Startups cancel listings in face of crushing competition from big players.
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When unicorns lose their magic: Royole shows steep path for China IPOs
3 mins read