Indonesia's GoTo first-half net loss narrows to $470m

Superapp and e-commerce platform makes further gains toward profitability

NANA SHIBATA, Nikkei staff writer

JAKARTA -- Indonesian superapp and e-commerce platform GoTo said on Tuesday it recorded a net loss of 7.2 trillion rupiah ($470 million) for the first six months of the year, narrowing significantly from the same period last year as the company slashes incentives, marketing costs and payroll.

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