Indonesia plans “Sovereign AI Fund” – Indonesian government is preparing a state-backed AI fund to drive local R&D, support ...

Forum Indonesia for Budget Transparency (Seknas FITRA) urges the Indonesian government to expand new instruments in state ...

But GoTo (No. 266) remains formidable in Indonesia, the region’s largest market—so much so that the rumor mill is spinning with talk of Grab seeking to buy some, or nearly all, of its chief ...

The merger’s nationalist implications have also struck a nerve. GoTo, which was born from two of Indonesia’s most celebrated startups, Gojek and Tokopedia, is widely seen as a symbol of ...

Shares of Indonesia's biggest tech company PT GoTo Gojek Tokopedia Tbk closed at 290 rupiah a piece on Wednesday, down more than 14% since its debut this month, as analysts warned of a risk of ...

ByteDance's TikTok wants to do more business in Indonesia -- Southeast Asia's biggest e-commerce market. TikTok is putting up $1.5 billion in a new joint venture that will bring Tokopedia, the e ...

GoTo Group, Indonesia's biggest tech firm, has received sufficient investor orders for its initial public offering that could raise at least $1.1 billion within its targeted price band, two ...

To avoid sharp drops in its stock price, GoTo has put in place a greenshoe option scheme where a "stabilisation agent", broker PT CGS-CIMB Sekuritas Indonesia, was appointed to buy a maximum of 6. ...

Indonesia's biggest tech company PT GoTo Gojek Tokopedia Tbk posted a first-quarter underlying loss of 102 billion rupiah ($6.28 million), on Monday, but said it was on track for profitability ...

Indonesia's small and medium enterprises minister Teten Masduki told Reuters in November that TikTok had spoken to five companies including GoTo, Bukalapak.com and Blibli about possible partnership.

GoTo Group, the tech giant formed last year by the combination of Southeast Asian startups Gojek and Tokopedia, plans to raise up to $1.26 billion in an initial public offering in Indonesia.

GoTo Group has over 100 million monthly active users, the companies said, with its business encompassing 2% of Indonesia’s GDP of more than $1 trillion. — ...