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The Vietnamese carmaker's billionaire founder is keen on pushing the EV narrative, but it's mostly his own companies on board
An intense tech battle in Indonesia has dragged into its second decade, yet the latest earnings calls indicate there remains little that sets these foes apart
The Indonesian tech bellwether is seeking user growth by targeting lower-income consumers. Monetisation efforts have so far been ineffective
Gojek Vietnam feels a survival squeeze as the parent company focuses on Indonesia
In its most recent earnings call, Goto acknowledged a ~US$720 million goodwill-impairment loss. While this is not a good look, it could have been even worse
Onstar’s dream to create a robust end-to-end ecosystem around Sicepat is crumbling, putting the latter's IPO ambitions in limbo
The Ministry of Education’s initiative included an ambitious scheme to procure electronics and take classrooms online by 2024, but cracks are already showing
In post-pandemic Indonesia, delivery platforms are pushing hard for profitability. As a consequence, F&B brands have had to spend more to stay relevant on delivery apps
Ardelia Apti’s started as an intern at Indonesian social enterprise Mapan in 2013. This year, she rejoined the company as its CEO. Her journey has been far from linear, and her diverse experience is helping Mapan navigate its next chapter.
With a shift to platform work—thanks to the rise of Grab, Gojek, foodpanda—Singapore is now considering compulsory contribution of pension funds for gig workers. But who can foot the bill?
Shopee’s digibank Seabank fired the first shot with its 7% interest on savings. Rival bank Jago quickly matched it, but the two top dogs’ aggressive moves may end up blocking the road ahead for the rest of the players
Having co-founded Gojek and brought Zalora as well as Grab into the Philippines, Cu is now on a mission. He wants to improve the lives of local farmers by building an end-to-end online grocery platform, he says in this interview to The Ken
For every 1000 engineering graduates, India produces 1 designer. And India’s competitive startup ecosystem is desperately in want of trained UI/UX designers. Suddenly, it’s a product designer’s market
Finally, the US$31 billion crown jewel of Indonesia’s internet economy is listed on the Indonesia Stock Exchange. Looking beyond GoTo’s mighty valuation and losses, the most interesting aspect of this listing is its structure
New minister, new curriculum—that’s how Indonesia has been handling its education policy so far. Merdeka Mengajar, Nadiem Makarim’s new edtech app, also comes with an updated curriculum, but the focus is on upskilling teachers rather than students
Three years after Indonesian tech major Gojek bought Philippine startup Coins.ph for US$95 million, it has sold it for double the amount to Wei Zhou, who served as CFO at crypto trading platform Binance. Coins.ph can now go back to its crypto roots, but there's some serious competition looming in the country
Rohan Monga, as then-COO, helped scale Gojek into Indonesia’s first decacorn. While some knowledge is transferable, it’s a whole new ball game scaling an (old) edtech platform as CEO; let alone making a profitable business out of it
Indonesian startups don’t need to go regional to scale, but many are—eFishery, Kopi Kenangan, Social Bella, and Xendit, to name a few. However, they still need to secure their home market, while also localising their strategies overseas
A halfway goal for Indonesia to try and meet its carbon neutrality target by 2060 is to get 13 million electric two-wheelers on the road by 2030. Currently at under 5,500 units, that’s a long long way away—especially given all the tough decisions that come first
Indonesia’s one-size-fits-all telemedicine setup has worked well in terms of user experience. But lurking behind the smooth execution is fear that self-isolation packages offered by these apps is exacerbating the country’s overprescription problem
To bolster its digital ventures, Asia’s largest budget carrier AirAsia Group is taking over the Thailand operations of Indonesian ride-hailing unicorn Gojek for US$50 million. Can the airline group’s digital play really compete against Grab, and to a certain extent, Gojek?
The Gojek-Tokopedia merger has made GoTo king on its home turf. But lacking a comprehensive regional strategy, it has to convince investors overseas that Indonesia is enough
Grab and Gojek have a comfortable hold on Indonesia’s food-delivery sector. New entrant ShopeeFood, part of the US$119 billion Sea Group, can disrupt that equilibrium. But winning market share won’t be straightforward for the newbie
Indonesia’s Gojek mastered the art of outsourcing engineering to India, a key strategy that helped it grow to a US$10 billion valuation. But with a new CTO and an impending merger with Tokopedia, the future of its big-hitting engineering unit in India is unclear
Singapore-based Ryde—the cheaper Grab-Gojek alternative—has jumped on the ride-hailing IPO bandwagon, but there are too many speed breakers in its way
Sjahrir, an unknown figure 10 years ago, suddenly seems to be everywhere. Chairman of Sea Indonesia. Gojek board member. His breakthrough was taking a coal mining company public in 2012. Now, he’s helping tech companies list on the Indonesian Stock Exchange
Grab’s record SPAC deal is key not only to its future, but also for other companies in Southeast Asia that seek to follow in its footsteps. The pressure is on Grab to perform
Food delivery has a new face in Thailand—and it isn’t a startup; it’s the 113-year-old Siam Commercial Bank (SCB). Its Robinhood service doesn’t charge restaurants a commission, but business remains cut-throat and competitive
New social media accounts like Ridehaluing, Ecommurz and Taktekbum, which churn out jokes and memes about Indonesia’s startup culture, are gaining followers by the thousands. Their popularity signals a shift in mindset among startup employees
When Nadiem Makarim, a young, former tech CEO was put in charge of Indonesia’s education ministry in October 2019, hopes were high for future schooling. Then Covid-19 happened, but not all hope is lost
The World Bank says Indonesia will have a 9 million shortage of tech workers by 2030. Coding bootcamps—inside companies like Gojek and otherwise—are one solution. But while bootcamps can solve for entry-level talent gaps, they don’t provide experience
Piggybacking on Grab and Tokopedia worked for Indonesian e-wallet OVO before. But with the Gojek-Tokopedia merger and a new payments settlement system in the works, it needs a new gameplan
Indonesia’s banking sector is under pressure. Regulators are pushing for consolidation. For the smaller ones—from over 100 digitally disrupted banks—teaming up with tech companies like Gojek is one chance to survive, even thrive. But there's too many banks and too few tech players
The Shopee-owner’s stock surged five-fold in 2020, giving itself a giant war chest while minting new billionaires. Its looming shadow is pushing Grab and Gojek towards their much-rumoured merger and prompting rival tech firms to consider going public via SPACs
Indonesia’s traditional insurance firms had a horrible year. Innovative insurtech startups had a great one. Two early entrants in the sector—PasarPolis and Qoala—are ready to claim their spot in the insurance ecosystem. If regulators let them
Indonesia’s state-owned enterprises are tying up with super apps Grab and Gojek to chase a future that turns payments and financial services digital. Though Grab has taken the lead, Gojek has home advantage
After securing US$1.5 billion in funding this year, Gojek is on a growth spree in Thailand. But without key services, including four-wheeled vehicles and card payments, catching leader Grab won’t be easy
Indonesia’s state-owned telco leans heavily on one of its subsidiaries, mobile carrier Telkomsel, which has been contributing 70% of revenue. Profits are stagnant. With share prices at a five-year low, Telkom needs a new game plan
AirAsia, staring at a 98% airline revenue decline this no-fly pandemic year, is now putting all its eggs in the super app basket. Except, Grab and Gojek are way ahead in the line
Grab expanded its GrabMart shopping segment and launched an in-house groceries line. Gojek linked entire traditional wet markets to its platform via a new chat commerce app. But it can't be easy sustaining interest in these features once the pandemic subsides
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