Bloomberg GoTo Group’s post-IPO stock selloff makes it the worst performer among 11 tech and internet companies that raised more than $500 million in inaugural share sales this year. Shares of the Indonesian startup provider of food delivery services to fintech solutions are falling for a 10th straight session, taking losses since listing to 61%. The recent slide was triggered ...

  Bloomberg The Chinese Grand Prix will not take place in 2023 given the “ongoing difficulties stemming from Covid-19 situation,” Formula 1 says in a tweet. Formula 1 is assessing alternative options to replace the slot on the 2023 calendar and will provide an update in due course, the organisation said in a statement available on its website. The Covid-19 ...

  Bloomberg A Vietnamese internet startup that’s successfully defended its home market of 100 million people against global giants like Facebook is now going into attack mode. VNG Corp, Vietnam’s answer to Tencent Holdings Ltd with games, messaging, videos and music among its services, is accelerating its international expansion, co-founder Le Hong Minh said in an interview at its headquarters ...