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

JAKARTA -- 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.