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GoTo, Tencent, Alibaba agree on Indonesia cloud project

GoTo Group, Tencent Cloud, and Alibaba Cloud have announced partnerships to enhance Indonesia’s cloud infrastructure and digital skills development.

These collaborations were unveiled during the Indonesia-China Business Forum in Beijing, organized by the Indonesian Chamber of Commerce China Committee. It was attended by Indonesian President Prabowo Subianto, who was on a state visit to the country from Friday to Sunday.

Tencent Cloud plans to invest approximately US$500 million by 2030 to establish a third internet data center (IDC) in Indonesia, aiming to provide local businesses with advanced cloud and AI solutions.

A skills centre at the University of Indonesia will be established as part of the Alibaba Cloud Academic Empowerment Program to train Indonesians in cloud computing and AI.

These initiatives align with existing collaborations, as GoTo uses both providers to ensure data remains within the country.

Recent GoTo Group developments

Timeline
30-Oct-2024 📊 GoTo Group’s financial health in 5 charts
  • GoTo Group updates financial reporting methods
  • E-commerce chart not updated post TikTok Shop deal
20-Mar-2024 🚀 GoTo Group in ‘execution mode’ for TikTok’s ecommerce, fintech integrations
  • GoTo achieves positive adjusted EBITDA.
  • Focus on integrating TikTok Shop and Tokopedia.
19-Mar-2024 📈 GoTo Group logs adjusted profit for Q4, plans to buy back $200m worth of shares
  • GoTo Group sees adjusted EBITDA profit in Q4
  • Net loss widens to $5.7 billion for the full year
06-Dec-2023 📈 GoTo Group’s on-demand services on track for profitability by Q4 2023
  • GoTo’s on-demand services may profit by Q4 2023
  • EBITDA loss dropped 95% due to cost-cutting strategies
30-Oct-2023 📊 GoTo Group’s financial health in 4 charts

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