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Editor s take: The week that was—March 25-30

Editor s take: The week that was—March 25-30
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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
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Despite upsides in revenue, TPV and take rate, Indonesia s Bukalapak stays in red

Bukalapak showed several positive developments in its total processing value, revenue, and take rate in Jan-Sept 2023.

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Indonesia s Bukalapak returns to red in Q1, continues efficiency efforts

Bukalapak recorded 1 trillion rupiah in losses in Q1 2023, a stark contrast from the 14.55 trillion rupiah in profit a year earlier.

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BUKA Finished 2022 with Positive Contribution Margin

JAKARTA, Indonesia, March 29, 2023 /PRNewswire/ Bukalapak continues to deliver growth; Total Processing Value (TPV) in 4Q22 grew by 20% YoY to IDR 41.8tn. 4Q22 Mitra TPV surged by 17% YoY, to IDR 19.0tn and in FY22 increased by 31%, to IDR 73.6tn, from last year. At the end of December 2022, the number of registered Mitra was.

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