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Bukalapak shares fall despite 35% first half revenue jump

Indonesian e-retailer bets on offline market as online competition heats up

Indonesian online retailer Bukalapak trimmed its losses in the first half of the year as pandemic restrictions continued to provide a tailwind for the e-commerce sector. (Photo by Ken Kobayashi)

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.

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