GoTo Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News https://heaptalk.com/tag/goto/ Latest business news media headlines platform today | Lets talk Business Wed, 21 May 2025 11:17:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 https://heaptalk.com/wp-content/uploads/2025/04/cropped-fav-icon-48x48-1-32x32.png GoTo Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News https://heaptalk.com/tag/goto/ 32 32 Online ride-hailing companies reconsider changing driver status from partner to employee https://heaptalk.com/industry/online-ride-hailing-companies-reconsider-changing-driver-status-from-partner-to-employee/ Wed, 21 May 2025 11:17:07 +0000 https://heaptalk.com/?p=48159 Heaptalk, Jakarta — On Tuesday (05/20), thousands of online motorcycle taxi drivers held a protest at the MPR Building. One of their demands was to change their status from partner to employee. This request has made online ride-hailing service providers reconsider, as such a policy could significantly reduce their revenue and the number of drivers. Ryan […]

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]]> Grab reportedly in Talks to Secure $2B Loan for GoTo Takeover Bid https://heaptalk.com/news/grab-reportedly-in-talks-to-secure-2b-loan-for-goto-takeover-bid/ Thu, 27 Mar 2025 08:37:37 +0000 https://heaptalk.com/?p=47103 Heaptalk, Jakarta — Singaporean ride-hailing giant Grab, a key competitor to Gojek, is allegedly negotiating to procure a US$2 billion, or approximately Rp33.2 trillion, credit facility. This financial submission purportedly intends to underwrite Grab’s strategic acquisition ambitions targeting GoTo Group. Insiders privy to the matter suggest the proposed financing is structured as a bridge loan with […]

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]]> GoTo’s Gojek elevates mapping experience with Google Maps https://heaptalk.com/news/gotos-gojek-elevates-mapping-experience-with-google-maps/ Tue, 25 Mar 2025 03:57:32 +0000 https://heaptalk.com/?p=47027 Heaptalk, Jakarta — GoTo’s on-demand service unit, Gojek, announced a strategic collaboration with Google Maps to significantly enhance the mapping experience for consumers, driver-partners, and merchants within the Gojek ecosystem. By integrating Gojek’s real-time field data with Google Maps’ advanced geospatial technology, the collaboration will optimize navigation, reduce delivery times, and improve the online visibility of micro, […]

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]]> GoTo hits the highest of its EBITDA at 348% YoY https://heaptalk.com/news/goto-hits-the-highest-of-its-ebitda-at-348-yoy/ Sun, 16 Mar 2025 09:16:49 +0000 https://heaptalk.com/?p=46786 Heaptalk, Jakarta — PT GoTo Gojek Tokopedia Tbk (issuer code: GOTO) has announced its fourth-quarter and full-year 2024 financial results. The company exceeded its breakeven guidance with record highs in core GTV, gross revenue, and adjusted EBITDA, underscoring its rapid growth and profitability. GoTo’s strong financial performance reflects solid momentum across its entire product portfolio, supported […]

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]]> Patrick Walujo to lead GoTo as CEO until four years ahead https://heaptalk.com/news/patrick-walujo-to-lead-goto-as-ceo-until-four-years-ahead/ Tue, 07 Jan 2025 14:12:13 +0000 https://heaptalk.com/?p=45412 Heaptalk, Jakarta — GoTo Group, Indonesia’s largest digital ecosystem, has officially announced that Patrick Sugito Walujo will continue as the company’s Chief Executive Officer (CEO) until 2029. As CEO, Patrick Walujo will remain committed to steering GoTo towards sustainable long-term growth. To support this goal, the company’s Board of Commissioners has approved a performance-based retention package as part […]

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]]> Ties with GoTo & Alibaba, Tencent invests $500mn into Indonesia’s cloud infrastructure development https://heaptalk.com/news/ties-with-goto-alibaba-tencent-invests-500mn-into-indonesias-cloud-infrastructure-development/ Mon, 11 Nov 2024 10:29:57 +0000 https://heaptalk.com/?p=44100 Heaptalk, Jakarta — GoTo Group, Tencent Cloud, and Alibaba Cloud signed a Memorandum of Understanding (MOU) to enhance Indonesia’s cloud infrastructure and develop local digital talent. In more detail, Tencent Cloud will establish its third Internet Data Center (IDC) in Indonesia, with an investment value of approximately US$500 million. By performing this measure, Tencent Cloud will […]

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]]> GoTo derives $8.7mn in its Q3 EBITDA this year https://heaptalk.com/news/goto-derives-8-7mn-in-its-q3-ebitda-this-year/ Thu, 31 Oct 2024 04:13:17 +0000 https://heaptalk.com/?p=43603 Heaptalk, Jakarta — Gojek’s holding company, PT GoTo Gojek Tokopedia Tbk, declared its third (Q3) 2024 financial performance, demonstrating significant profitability growth across several business units. GoTo reported a robust increase in Gross Transaction Value (GTV) across its core and group segments, surging around 74% YoY to Rp72 trillion, while the total Group GTV increased by 37% […]

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]]> Bank Jago posts a 71% net profit growth in Q3 2024 https://heaptalk.com/news/bank-jago-posts-a-71-net-profit-growth-in-q3-2024/ Wed, 30 Oct 2024 06:12:28 +0000 https://heaptalk.com/?p=43565 Heaptalk, Jakarta — PT Bank Jago Tbk sustained strong business growth through the third quarter of 2024. Driven by continuous innovation and deepened collaboration within the digital ecosystem, Bank Jago achieved substantial progress in its customer base, third-party funds (DPK), and lending performance. By the end of Q3 2024, Bank Jago’s funding customers via the Jago App surpassed […]

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]]> GoTo rolls out the Split Bill in the GoPay application https://heaptalk.com/news/goto-rolls-out-the-split-bill-in-the-gopay-application/ Fri, 04 Oct 2024 11:38:20 +0000 https://heaptalk.com/?p=42533 Heaptalk, Jakarta — GoTo’s financial technology business unit, GoPay, launched a Split Bill feature in the GoPay applications to simplify user group payments. This feature allows users to capture receipts, divide costs, and complete payments within the application. “This feature stems from a common obstacle people face. We frequently discover it troublesome to calculate shared payments […]

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]]> Gojek withdraws operations from Vietnam https://heaptalk.com/industry/gojek-withdraws-operations-from-vietnam/ Fri, 06 Sep 2024 08:50:01 +0000 https://heaptalk.com/?p=38443 Heaptalk, Jakarta — Gojek, an Indonesian ride-hailing and delivery company, will withdraw operations from the Vietnam market on September 16th, 2024. Gojek’s parent company, GoTo, decided to exit Vietnam after assessing its market presence. The move aims to enhance business operations and aligns with the company’s long-term growth strategy, as reported by TechNode Global. This […]

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]]> GoTo cuts off a 95% YoY EBITDA loss; how’s its business unit upturn? https://heaptalk.com/news/goto-cuts-off-a-95-yoy-ebitda-loss-hows-its-business-unit-upturn/ Thu, 01 Aug 2024 05:30:26 +0000 https://heaptalk.com/?p=36207 Heaptalk, Jakarta — GoTo reported its adjusted EBITDA loss was reduced by 95% YoY and 53% QoQ to Rp48 billion. The company claimed that the growth of users in affordable on-demand services products, the increase in Gopay app adoption, and loan book growth significantly contributed to the positive output. In more detail, GoTo’s on-demand services saw […]

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]]> GoTo integrates its BNPL services into TikTok’s ShopTokopedia https://heaptalk.com/industry/goto-integrates-its-bnpl-services-into-tiktoks-shoptokopedia/ Thu, 01 Aug 2024 01:50:28 +0000 https://heaptalk.com/?p=35961 Heaptalk, Jakarta — PT GoTo Gojek Tokopedia Tbk (GoTo) enhances its strategic partnership with TikTok by providing a Buy Now, Pay Later (BNPL) product, GoPay Later, on TikTok’s ShopTokopedia. This measure expands on the existing partnership between GoTo and TikTok, which aims to drive the growth of Indonesia’s digital economy through accessible financial services. “GoPay […]

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]]> Launches GoPay Merchant, GoTo to assist digital payment among Indonesia’s MSMEs https://heaptalk.com/news/launches-gopay-merchant-goto-to-assist-digital-payment-among-indonesias-msmes/ Mon, 29 Jul 2024 08:32:10 +0000 https://heaptalk.com/?p=35833 Heaptalk, Jakarta — GoTo Financial, GoTo’s financial technology business unit, officially released GoPay Merchants, aiming to target Indonesian Micro, Small, and Medium Enterprises (MSMEs) users. The Group Head of Merchant Services of GoTo Financial, Haryanto Tanjo, expects that this Gopay merchant application can eliminate the existing challenges for MSMEs and facilitate their registration for QRIS […]

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]]> GoTo appoints new Chief Financial Officer Simon Ho https://heaptalk.com/news/goto-appoints-new-chief-financial-officer-simon-ho/ Thu, 18 Jul 2024 05:56:22 +0000 https://heaptalk.com/?p=35203 Heaptalk, Jakarta — PT GoTo Gojek Tokopedia (GoTo) declared it would amplify its executive leadership by appointing a new Chief Financial Officer (CFO), Simon Ho. He will take up the position on August 30th, 2024, and subsequently join GoTo’s Board of Directors subject to shareholder approval at the next Extraordinary General Meeting of Shareholders (EGMS), which […]

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]]> GoTo’s ex-commissioner William Tanuwijaya buys 1.06bn stocks amidst the founder’s exit issue https://heaptalk.com/news/gotos-ex-commissioner-william-tanuwijaya-buys-1-06bn-stocks-amidst-the-founders-exit-issue/ Thu, 11 Jul 2024 06:29:14 +0000 https://heaptalk.com/?p=34749 Heaptalk, Jakarta — The former Commissioner and Co-Chairman of PT GoTo Gojek Tokopedia (GoTo), William Tanuwijaya, reportedly augmented the stock ownership of GoTo by buying substantial amounts, approximately 1.06 billion Series A stock of GoTo. However, there is no detailed information regarding the period and price of the shares that William bought. However, IDX data […]

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]]> A core GTV of GoTo elevates 54% in second quarter this year https://heaptalk.com/news/a-core-gtv-of-goto-elevates-54-in-second-quarter-this-year/ Mon, 01 Jul 2024 01:44:07 +0000 https://heaptalk.com/?p=36131 Heaptalk, Jakarta — PT GoTo Gojek Tokopedia (GoTo) announced its second-quarter financial performance. The company recorded a 39% YoY gross revenue enhancement, attaining Rp63.2 trillion. GoTo’s net revenue in 2Q24 was Rp3.5 trillion, an increase of 115% YoY. The group adjusted EBITDA loss was reduced by 95% YoY and 53% QoQ to Rp48 billion, putting […]

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]]> GoTo obtains shareholders’ approval for share buyback plan and leadership changes at AGMS 2024 https://heaptalk.com/news/goto-obtains-shareholders-approval-for-share-buyback-plan-and-leadership-changes-at-agms-2024/ Wed, 12 Jun 2024 07:00:49 +0000 https://heaptalk.com/?p=32884 Heaptalk, Jakarta — PT GoTo Gojek Tokopedia has obtained approval from its shareholders to hold a US$200 million (around Rp3.2 billion) share buyback and make changes to the company’s leadership team. The company’s stock buyback will be carried out by 12 months after the GMS date on June 11, 2024, and end on June 11, […]

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