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View all search resultsThe rapid rise and sudden collapse of a few tech companies has raised questions about the sanity of the stock market and investor valuation, which appeared to assign higher values to tech companies the more their losses mounted.
The recent WeWork case was a much-needed wake-up call. Adopting an aggressive burn rate to temporarily stretch gross merchandise value and market share is no longer a sound pitch to investors.
The company said it would scout for local start-up partners in Indonesia that could help support its business in terms of on-demand delivery, distribution optimization, in-store analytics and eco-friendly packaging.
Go-Jek and Grab started their businesses by offering ride-hailing services in their respective home countries, taking different steps to attract consumers. Later, they expanded their services and became a duopoly in Southeast Asia.
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