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Companies 1 year ago
PREMIUM
GoTo opens up on receiving, reviewing multiple takeover offers
In a stock disclosure submitted on Thursday, the homegrown tech giant has dismissed recent reports on a possible sale to industry rival Grab as “speculation”, saying it received periodical acquisition offers but had not agreed to any deal at present.
Society 1 year ago
PREMIUM
Journalist groups urge stronger protections after mass layoffs
Global tech giants control ‘over 75 percent of ads’ in Indonesia, putting local media firms and news organizations in a tight position financially, leading to recent mass layoffs, according to professional journalist associations.
Tech 1 year ago
Elon Musk's xAI Holdings reportedly in talks to raise $20b from investors
Elon Musk's xAI Holdings is in talks with investors to raise roughly US$20 billion in funding for his newly combined artificial intelligence start-up and social media business, Bloomberg News reported on Friday, citing people familiar with the matter.
Society 1 year ago
PREMIUM
Tech giants support Indonesia’s plan to restrict children from social media
Several tech companies have expressed their commitment to working with the Indonesian government in creating a safe digital environment for children, following the plan to impose age restrictions on social media platforms to follow in the footsteps of Australia.
Tech 1 year ago
PREMIUM
Fraud and other risks still holding back P2P lending business
Despite a decade of tightening rules on what is allowed and what is not in Indonesia’s burgeoning peer-to-peer (P2P) lending industry, the fintech segment meant to improve financial inclusion is still riddled with risks for both lenders and borrowers.
