Bukalapak shares fall despite 35% first half revenue jump

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

20210901Bukalapak

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)

SHOTARO TANI, Nikkei staff writer

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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