GoTo Group has reported a narrower quarterly loss, amounting to $174 million in the first half of 2024, as the Indonesian company shifts its focus from e-commerce to its core ride-hailing service. This strategic pivot involved transferring its e-commerce operations to TikTok, aiming to reduce costs. Meanwhile, Shopee is attempting to enhance its competitive edge against TikTok by incorporating short-form videos and live-shopping features, while TikTok Shop continues to close the gap with Shopee in the e-commerce sector. Additionally, Zomato's stock surge indicates potential growth in the Indian food delivery market, driven by a focus on advertising, quick commerce, and data analytics, raising questions about whether Swiggy will follow suit.