Goto

Goto Enters Deal with Alibaba, Strengthening Its Cloud Services Position

2 months ago

A significant event has unfolded in the tech world: Japanese company Goto Inc. has reached an agreement with Chinese giant Alibaba Group. This collaboration suggests that Alibaba will own a substantial stake in Goto for the next several years. The deal includes the establishment of a joint cloud business that will enable Goto to enhance its market position by providing higher quality and more competitive services. This move has the potential to significantly alter the landscape of cloud technology in Asia.

Goto Exits Tough Vietnam Market to Focus on Profitability

3 months ago

Goto, one of the major players in the ride-hailing app market in Southeast Asia, has decided to scale back its operations in Vietnam, where it is facing fierce competition and economic challenges. This decision is aimed at helping the company concentrate on achieving profitability—a crucial step following their recent IPO, which fell short of analysts' expectations.