Greater China
Revenue was buoyed by government subsidies for electronic goods.
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Indonesia
Currently, commission taken from drivers for each trip is capped at 20%.
Amid the cheers, the durability of GoTo’s profitability remains the key question.
India
The round was co-led by Susquehanna VC, Mirae, and BII.
Zomato parent posted a consolidated net profit of $18.4 million for March quarter.
In the archipelago, online grocery adoption is driven less by speed and more by convenience.
The companies fined include Pinduoduo, Meituan, and JD.com.
Thailand and Malaysia led growth with GMV surging 51.8% and 47.6%, respectively.
Singapore
The company booked an impairment loss of $351.8m on investments in its subsidiaries.
The company has started to explore “open-loop” financial services, Hungate said in an interview.
