Olivia Poh

(Bloomberg) -- Indonesia's GoTo Group reported a quarterly profit on an adjusted basis, a step in its yearslong effort to cut costs and prove to investors it can make money.

(Bloomberg) -- Southeast Asia's internet economy will log its slowest growth on record this year, a group of researchers said, underscoring weakness in consumer demand and a push to show profits instead of revenue gains.

(Bloomberg) -- Southeast Asia’s internet economy will log its slowest growth on record this year, a group of researchers said, underscoring weakness in consumer demand and a push to show profits instead of revenue gains.Most Read from BloombergFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowIstanbul Tries Free Public Transit to Help Job SeekersThe Answer To Making Cities More Family-Friendly? CourtyardsIn Warsaw, Falling Road Deaths Signal a Traffic Safety Turnaround

Grab Holdings Ltd. raised its earnings forecast for the year after quarterly profit topped estimates, helped by cost cuts to tackle the effects of intense competition in Southeast Asia's ride-hailing and delivery markets.

(Bloomberg) -- Intudo Ventures, an Indonesian venture capital firm, closed its fourth fund at $75 million, downsizing from its previous one to cater to Southeast Asia's shrinking startup industry.

(Bloomberg) -- Grab Holdings Ltd. shares jumped as much as 15% in late US trading after the Southeast Asia ride-hailing and delivery leader boosted its earnings forecast for the year, helped by cost cuts to tackle intense competition.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, Immigrat

Sea Ltd.’s e-commerce arm turned its first quarterly profit on an adjusted basis, a sign it’s holding its own against bigger Chinese rivals in Southeast Asian markets like Indonesia.

(Bloomberg) -- Shares of Sea Ltd. jumped after its e-commerce business reported its first profit on adjusted basis, a sign it's holding its own against bigger Chinese rivals in Southeast Asian markets like Indonesia.

(Bloomberg) -- Sea Ltd.'s stock soared to its highest in more than two years after its e-commerce business posted its first adjusted profit, a sign it's holding its own against bigger Chinese rivals like Alibaba Group Holding Ltd.

(Bloomberg) -- Sea Ltd.’s stock soared to its highest in more than two years after its e-commerce business returned to adjusted profit, a sign it’s holding its own against bigger Chinese rivals like Alibaba Group Holding Ltd.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictIts US shares climbed 10.5%,