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Bukalapak’s financial health in 7 charts

These charts offer a snapshot of how Bukalapak is performing.

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DWF Labs fires partner amid drink spiking allegations

Eugene Ng previously held significant roles at Barclays, Deutsche Bank, and Gemini in Asia.

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Over 60% of Indonesian youth invest in crypto

A report revealed that over 60% of Indonesian crypto investors are aged 18 to 30.

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Google Cloud revenue jumps 35% with AI focus

Google Cloud now makes up 13% of Alphabet's total sales, up from 11% a year ago.

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Meta finds MY’s social media licensing plan lacks clarity

The company has noted issues with the plan's lack of detailed guidelines and the narrow timeframe.

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One app to rule them all in Indonesia?

We check out Indonesia’s ambitious govtech plans and a new university-run startup incubator program in Singapore.

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China’s GDS raises $1b to double data center capacity

GDS plans to increase data center capacity by up to 1 gigawatt, doubling its current capacity.

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Meesho’s revenue up 33%, achieves positive cash flow

Meesho has reached a milestone as the first Indian horizontal e-commerce company to achieve positive cash flow.

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Mowito uses robotics and AI to speed up warehouses

Mowito stands out with their ability to pick up fruits and vegetables (even damaged ones).

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Xiaomi unveils SU7 Ultra EV to compete with Tesla

The vehicle is positioned to compete with Tesla's Model S Plaid.

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GoTo Group’s financial health in 5 charts

The charts in this article, which are updated every quarter, present a snapshot of how the Indonesian giant is doing.

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Tencent-backed Airwallex targets $6b valuation

Airwallex is backed by the major global company Tencent Holdings Ltd.

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PwC partners with OpenAI in Middle East, eyes $1b AI push

It is part of PwC's larger strategy to invest US$1 billion in AI services over three years.

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GoTo’s Q3 losses narrow to $109m as user figures rise

CEO Patrick Walujo says strategy is to funnel the right users to benefit from the company’s "responsible lending products."

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Indian dairy startup Country Delight nets $23.7m

Alteria Capital's funding supports Country Delight's expansion within India.

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GoTo records net loss of $42m in Q3

This compares with a loss of US$35.83 million in the previous year.

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AI cloud startup raises $82m for US data center

GMI Cloud plans to use the funds to establish a data center in Colorado to enhance its AI infrastructure.

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Former FTX executive Nishad Singh gets supervised release

Nishad Singh had pleaded guilty to six counts of fraud and conspiracy.

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Indonesia wants to turn bikes into EVs, but red tape stalls funds

The country wants to convert at least 200,000 conventional two-wheelers into electric vehicles by 2030.

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Bukalapak adjusts strategy amid Q3 loss, plans job cuts

Bukalapak plans to focus on segments like Gaming and Mitra Bukalapak in its revised strategy.

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