Traveloka

For this issue, we’ve updated our SEA earnings tracker with Traveloka’s latest results. Plus, Moonshot AI is inching closer to a Hong Kong IPO.

The partnership includes travel protection in several markets and Cancellation Protection in Australia.

The firm didn’t disclose how many were affected by the cuts, which will allow it “to invest where it matters most for customers,” a spokesperson said.

From eFishery’s fallout to AI’s growing cracks, these were the stories Southeast Asia couldn’t look away from in 2025.

Is Traveloka chasing growth or running away? We dig into its Singapore HQ shift, plus a dramatic split rocking Vietnamese startup Alterno.

Traveloka’s HQ move to Singapore casts new light on #KaburAjaDulu — a coping meme born from Indonesia’s brain drain anxiety. But it also signals something deeper.

“Singapore HQ” used to raise eyebrows. Now it’s a survival tactic. This piece unpacks why Traveloka and other tech firms are outgrowing the homegrown hero script.

Indonesia’s unicorns include Traveloka, valued at US$3 billion since 2017, now based in Singapore.

More: Traveloka could be gearing up for a long-awaited IPO while Elon Musk is rumored to be eyeing TikTok US.

Clearing debt early, entering new markets, and turning profitable – has the travel tech unicorn set the stage for an IPO?