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Indonesia's GoTo posts $5.8bn loss in 2023 on TikTok write-down

Indonesian superapp provider GoTo's stock price has slumped since the company went public in 2022. (Photo by GoTo) March 19, 2024 20:13 JSTUpdated on March 19, 2024 22:43 JST | IndonesiaJAKARTA -- Indonesian superapp provider GoTo on Tuesday said it recorded a net loss of 90.5 trillion rupiah ($5.76 billion) for 2023, more than double the year before, due to a write-down related to TikTok's acquisition of a controlling stake in GoTo's e-commerce business Tokopedia.The figure compares with a 40.4...

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