Bukalapak returns to net profit in the first quarter of 2025, marking its first quarterly profit since restructuring began. Growth in gaming and retail lifts revenue, while its completed exit from physical-goods sales improves margins. The quarter combines higher revenue with stronger profitability.
Bukalapak says it will stop selling physical goods on its marketplace and shift its focus to virtual products and digital services. The company cites intense competition from larger e-commerce rivals and names mobile credits and utility-bill payments as examples of the services it will offer.
Bukalapak Takes Majority Stake in iPriceprnewswire.com/apac/news-releases/bukalapak-takes-majority-stake-in-iprice-accelerating-the-growth-of-the-popular-price-comparison-platform-301789024.html
Bukalapak acquired a majority stake in Kuala Lumpur-based price-comparison platform iPrice Group through a subsidiary. The acquisition adds shopping-discovery and comparison-shopping capabilities across Southeast Asian markets.