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
The increasing incidence of data breaches across government and private sectors in Indonesia has underscored the need for stringent data protection protocols. In 2022, more than 21,000 companies in Indonesia experienced data breaches. The incidents affected critical sectors, including healthcare, finance, e-commerce and utilities, and highlighted widespread cybersecurity challenges for the country’s business operations. In … Read more
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
Advertisement Chinese tech giants Alibaba, Tencent, and Huawei have built more data centers in Southeast Asia than Google, Amazon, and Microsoft. The rapid expansion of Chinese tech investment has many nuanced implications for China’s presence in the region – especially at a time when the Chinese government exerting more and more control over the country’s … Read more