Indonesian e-commerce firm Bukalapak slips into the red in 2023 despite higher revenues

Indonesian e-commerce firm Bukalapak slips into the red in 2023 despite higher revenues

Mitra Bukalapak (Photo courtesy of Bukalapak)

Indonesian-listed e-commerce major firm Bukalapak swung to a loss in FY2023 mainly driven by investment losses in digital lender PT Allo Bank Tbk, according to an announcement. 

Edited by: Joymitra Rai