Olivia Poh

Singapore

Reporter at Bloomberg News

@business reporter. I write about tech in Southeast Asia, focusing on internet cos and VCs. Opinions mine. DMs open.

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Articles

Ares Said to Buy Northstar Funds for Asia Private Equity Growth

1 week ago | news.bloomberglaw.com | Lulu Yilun Chen |Olivia Poh |David Ramli

Ares Management Corp. has taken over control of three funds previously managed by Indonesian private equity firm Northstar Group despite the latter’s investments in failed startup eFishery, according to people familiar with the matter. The deal comes after months of detailed discussions and due diligence work by the global alternative assets manager, the people said, asking not to be identified because the matter is private.
Ares Said to Buy Northstar Funds for Asia Private Equity Growth

1 week ago | bloomberg.com | Lulu Yilun Chen |Olivia Poh |David Ramli

(Bloomberg) -- Ares Management Corp. has taken over control of three funds previously managed by Indonesian private equity firm Northstar Group despite the latter’s investments in failed startup eFishery, according to people familiar with the matter. The deal comes after months of detailed discussions and due diligence work by the global alternative assets manager, the people said, asking not to be identified because the matter is private.
Indonesia’s Wealth Fund Weighs Role in $7 Billion Grab-GoTo Deal

3 weeks ago | bloomberg.com | Olivia Poh |Elffie Chew |Manuel Baigorri

Indonesia’s sovereign wealth fund Danantara is considering a role in Grab Holdings Ltd.’s planned $7 billion acquisition of GoTo Group, potentially allowing the country’s government to own a slice of an Asian internet powerhouse. Danantara has started preliminary discussions with GoTo to acquire a minority stake in a combined entity, according to people familiar with the matter.
TikTok Shop Cutting More Indonesia Jobs After Taking Over Rival

4 weeks ago | bloomberg.com | Olivia Poh

TikTok Shop Photographer: Ezra Acayan/Getty Images AsiaPac(Bloomberg) -- ByteDance Ltd.’s e-commerce arm TikTok Shop is eliminating several hundred jobs in Indonesia in its latest round of cuts, slashing costs after taking over the operations of local rival Tokopedia last year. The Chinese social media giant is reducing staff across e-commerce teams including logistics, operations, marketing and warehousing, according to people familiar with the matter.
TikTok Shop Cutting More Indonesia Jobs After Taking Over Rival

4 weeks ago | news.bloomberglaw.com | Olivia Poh

ByteDance Ltd.’s e-commerce arm TikTok Shop is eliminating several hundred jobs in Indonesia in its latest round of cuts, slashing costs after taking over the operations of local rival Tokopedia last year. The Chinese social media giant is reducing staff across e-commerce teams including logistics, operations, marketing and warehousing, according to people familiar with the matter.
Grab, GoTo Targeted by Indonesia Drivers’ Protest Over Pay (1)

1 month ago | news.bloomberglaw.com | Chandra G. Asmara |Olivia Poh

Grab Holdings Ltd. and GoTo Group were among ride-hailing and delivery services targeted by driver protests on Tuesday in Indonesia, with thousands gathering to demand better compensation and other terms. The demonstrations come at a delicate time for the Southeast Asian internet leaders, as Singapore-based Grab has been negotiating to buy its Indonesian rival for more than $7 billion.
Grab, GoTo Targeted by Indonesia Drivers’ Protest Over Pay (1)

1 month ago | news.bloombergtax.com | Chandra G. Asmara |Olivia Poh

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
Grab, GoTo Targeted by Indonesia Drivers’ Protest Over Pay

1 month ago | bloomberg.com | Chandra G. Asmara |Olivia Poh

Ride-hailing app drivers protest in Jakarta on May 20. (Bloomberg) -- Grab Holdings Ltd. and GoTo Group were among ride-hailing and delivery services targeted by driver protests on Tuesday in Indonesia, with thousands gathering to demand better compensation and other terms. The demonstrations come at a delicate time for the Southeast Asian internet leaders, as Singapore-based Grab has been negotiating to buy its Indonesian rival for more than $7 billion.
Sea Profit Tops Estimates as Online Shoppers Keep Spending

1 month ago | ca.finance.yahoo.com | Olivia Poh

(Bloomberg) -- Sea Ltd. reported profit that topped analysts’ estimates, a sign that the Southeast Asian e-commerce leader is holding up well against fierce rivals TikTok and Lazada. • None A New Central Park Amenity, Tailored to Its East Harlem Neighbors• None What’s Behind the Rise in Serious Injuries on New York City’s Streets?
Sea Profit Tops Estimates as Online Shoppers Keep Spending

1 month ago | bloomberg.com | Olivia Poh

Shopee has been steadily raising the commissions it charges merchants in many core markets by about a third since the start of last year. (Bloomberg) -- Sea Ltd. reported profit that topped analysts’ estimates, a sign that the Southeast Asian e-commerce leader is holding up well against fierce rivals TikTok and Lazada.