Southeast Asian Tech Giants Poised for Profitability in 2024

Southeast Asian Tech Giants Poised for Profitability in 2024

Last week I wrote about how Indonesian tech giant GoTo is inching toward profitability by, among other things, selling 75 percent of its e-commerce operation to TikTok and aggressively cutting costs. GoTo might even post a net profit this year, which would represent quite a turnaround from recent years where losses have gone into the … Read more

Are Investors Becoming Disillusioned With Southeast Asia’s Tech Companies?

Are Investors Becoming Disillusioned With Southeast Asia’s Tech Companies?

For Southeast Asian tech giant Sea Ltd, 2023 has been a year of contradictions. After posting big losses for a long time, Sea actually became profitable this year. Through the first nine months of 2023, Sea reported net income of $274 million, which is a considerable improvement compared to its $2 billion net loss over … Read more