Indonesia
The success was driven by the GoPay app and the expansion of consumer loan offerings.
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Greater China
China’s e-commerce leaders such as JD.com and Alibaba have slashed prices to lure shoppers.
For full-year 2024, bookings were up 12.1% to $314m.
Singapore
In Q4 2024, net income stood at $237.6m, reversing a net loss of $111.6m a year ago.
Rest of Asia
Its AUM reached a record $206.5 billion at the end of December.
Profit attributable to shareholders rose to $1.68b last year.
Net profit was down almost 40% at $1 billion in 2024, FT reported.
Alibaba’s domestic e-commerce business Taobao and Tmall Group posted a 5% revenue growth in Q3.
World
The results underscore the rising significance of Manulife’s asset and wealth management unit.
In 2024, Grab reported a loss of $158m, a 67% improvement from a year earlier.
