Indonesian e-commerce firm Bukalapak said on Tuesday that it would stop selling physical items on its marketplace soon, amid tough competition from TikTok's Tokopedia and Sea's Shopee in Southeast Asia's largest economy.

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Reuters

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Indonesia e-commerce firm Bukalapak to stop selling physical goods as competition mounts

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JAKARTA : Indonesian e-commerce firm Bukalapak said on Tuesday that it would stop selling physical items on its marketplace soon, amid tough competition from TikTok's Tokopedia and Sea's Shopee in Southeast Asia's largest economy.Bukalapak, which went public in 2021, said in a statement that it later woul

Channel News Asia

Government of Singapore

Singapore

Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.

CNBC

Roberts family

United States

Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail

The Straits Times

Singapore Press Holdings

Indonesia e-commerce pioneer Bukalapak to stop selling physical goods amid cut-throat competition

Indonesian e-commerce pioneer PT Bukalapak.com will stop selling physical goods, underscoring the cut-throat competition in a market where the likes of ByteDance Ltd.’s TikTok Shop and Sea Ltd.’s Shopee are vying for users.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

TikTok, Alibaba Push Indonesia E-Commerce Pioneer Bukalapak Into Retreat

JAKARTA (Reuters) –     Indonesian e-commerce firm Bukalapak said on Tuesday that it would stop selling physical items on its marketplace soon, amid tough competition from TikTok’s Tokopedia and Sea’s Shopee in Southeast Asia’s largest economy. Bukalapak, which went public in 2021, said in a statement that it later would only sell virtual products ranging from mobile phone credits to streaming vouchers. Customers have until Feb. 9 to make last o…

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Midwest Communications

Yuan Gao / Bloomberg:
Indonesian e-commerce pioneer Bukalapak will stop sales of physical goods to focus on virtual goods like mobile credits, amid competition from Shopee and others  —  - Online retailer exits physical goods to focus on virtual ones  — Revamp comes as TikTok Shop gains traction in the country

Techmeme

California

Indonesian e-commerce pioneer Bukalapak will stop sales of physical goods to focus on virtual goods like mobile credits, amid competition from Shopee and others

Upstract

Closing the product marketplace visit, here is the history of Bukalapak starting from a small boarding room to entering the ranks of unicorn startups. Bukalapak started...

Menutup marketplace produk visit, berikut sejarah Bukalapak dimulai dari sebuah kamar kost kecil hingga masuk ke dalam jajaran startup unicorn. Bukalapak dimulai...

Sejarah Berdirinya Bukalapak, Tutup Marketplace Produk Fisik usai 15 Tahun Bertahan

SINDOnews.com

History of Bukalapak's Establishment, Closing Physical Product Marketplace after 15 Years of Survival

INDONESIAN e-commerce pioneer Bukalapak.com will stop selling physical goods, underscoring the cut-throat competition in a market where the likes of ByteDance’s TikTok Shop and Sea’s Shopee are vying for users.

Indonesia e-commerce firm Bukalapak to stop selling physical goods as competition mounts

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