While beauty commerce in Indonesia rode the ecommerce wave amid the pandemic, funding for the sector declined sharply in 2023
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The Jakarta-based fintech firm says its P2P lending and KoinWorks Bank units hit profitability in January 2024 and for the full year 2023, respectively.
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In The Checkout this week, we analyze the logistics firm’s numbers for FYE June 2023 and examine Blibli’s huge bet on offline stores.
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Gabriel Abed, ex Barbados ambassador to the UAE, will serve as chairman, while CEO Richard Teng will also join the board.
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The company has stopped accepting new GrabPay Card applications since April 1.
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Pang Xue Kai founded Untukmu AI, which is based in Singapore but focused on the Indonesian market, after Binance acquired Tokocrypto in late 2022.
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The used-car marketplace previously said it had hit US$11 million in EBITDA for the first quarter of FY 2024, its highest-ever quarterly profit.
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Patrick Walujo’s strategic prowess sealed a game-changing deal with TikTok, yet questions linger about his dedication to GoTo’s future.
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Choice, Lazada’s latest budget-centric platform, steps into the arena to go head-to-head with Shopee, TikTok Shop, and Temu.
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This boosted its series A funding to US$23 million. Tokenize intends to raise a total of US$33 million by the end of 2024.
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