Indonesia
Currently, commission taken from drivers for each trip is capped at 20%.
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Indonesia prosecutors detain three KoinWorks-linked executives over $34m loan case
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GIC backs new Anthropic-linked AI deployment firm for enterprises
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Mubadala backs Textainer-Seaco deal with $300m co-investment
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DATA VANTAGE: InMobi’s revenue grows, losses halve and other updates
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Indonesia’s ride-hailing commission cap risks hurting the drivers it aims to help
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Vietnam’s Pharmacity in talks with Leapfrog to raise fresh funding
Danantara acquires less than 1% stake in GoTo, show IDX filings
Atome Financial secures $149m capital injection from parent
DCI Indonesia secures $976m loan to fund data centre expansion
Google, VNG launch Applied AI Lab to accelerate Vietnam’s AI capabilities
Amid the cheers, the durability of GoTo’s profitability remains the key question.
India
The round was co-led by Susquehanna VC, Mirae, and BII.
Zomato parent posted a consolidated net profit of $18.4 million for March quarter.
In the archipelago, online grocery adoption is driven less by speed and more by convenience.
Greater China
The companies fined include Pinduoduo, Meituan, and JD.com.
Thailand and Malaysia led growth with GMV surging 51.8% and 47.6%, respectively.
Singapore
The company booked an impairment loss of $351.8m on investments in its subsidiaries.
The company has started to explore “open-loop” financial services, Hungate said in an interview.
The EU had pressed China over a surge of dangerous products that entered the bloc.
