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China's tech giants buy into Indonesia - just like US tech giants did in India
Chinese tech giant Alibaba showed it's not just Meta, Google and Amazon that can use their financial heft to buy a foothold ...
YouTube and Shopee partner in Southeast Asia e-commerce tie-up
Alphabet Inc's YouTube and e-commerce platform Shopee said on Wednesday they were launching an online shopping service in ...
GoTo Strikes Cloud Deal That Ties Alibaba as Owner for Years
GoTo Group agreed to use to cloud services from Alibaba Group Holding Ltd., which pledged to not sell down its stake in the ...
Alibaba pledges to keep GoTo stake in return for cloud service purchase
Homegrown tech giant GoTo has inked a memorandum of understanding (MoU) with its key shareholder, Chinese eCommerce ...
YouTube and Shopee partner in Southeast Asia
Alphabet Inc's YouTube and e-commerce platform Shopee said on Wednesday they were launching an online shopping service in ...
Forbes17d
Sea Cofounders’ Fortunes Soar As E-Commerce Heavyweight Focuses On Profitability
With gross merchandise value of $78.5 billion in 2023, Shopee has to face off against rivals such as Alibaba’s Lazada and Indonesia’s Tokopedia, now part of ByteDance’s TikTok Shop.
Yahoo Finance5d
GoTo Strikes Cloud Deal That Ties Alibaba as Owner for Years
It’s exited Vietnam and Thailand and late last year relinquished control of loss-making e-commerce arm Tokopedia to ByteDance Ltd.’s TikTok in a $1.5 billion deal. Since Patrick Walujo took over as ...
kr-asia17d
GoTo pulls out of Vietnam as it doubles down on core markets
The exit is the latest step in GoTo's quest for profitability, as it narrows its focus to Indonesia and Singapore.