TOKYO -- Shares in Bukalapak, one of the largest e-commerce platforms in Indonesia, fell on Wednesday despite the company posting a 35% jump in revenue for the first half of the year.
Bukalapak shares ended Wednesday's trading at 890 rupiah, down 5.8% on the day. The fall came despite the company booking revenue of 863 billion rupiah ($60.5 million) for the six months ended June, up 34.6% from the previous year, as announced in financial results released on Tuesday. This was Bukalapak's first earnings announcement since going public on the Indonesia Stock Exchange in early August.
