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BABA Dec 2025 50.000 call
- Reuters SG
UPDATE 1-Indonesia's Shopee accused of antitrust behaviour in delivery services
Indonesia's antitrust agency on Tuesday accused e-commerce platform Shopee's local unit of violating anti-competition rules by directing customers to use certain delivery services, the agency said in a statement. The agency, known as KPPU, has found that Shopee stopped listing several delivery service providers it had previously used, leaving customers with two companies as options - one of which has a Shopee Indonesia executive on its board of directors, its investigators said. KPPU said this week it was investigating the local units of Shopee, owned by Southeast Asian technology firm Sea Ltd and PT Ecart Webportal Indonesia, which operates Lazada, the Southeast Asian arm of Alibaba, but did not elaborate.
- Reuters SG
Indonesia's Shopee accused of antitrust behaviour in delivery services, Bisnis reports
Indonesia's antitrust agency on Tuesday accused e-commerce platform Shopee's local unit of violating anti-competition rules by directing customers to use certain delivery services, news website Bisnis.com reported. The agency, known as KPPU, has found that Shopee from March 2021 stopped listing several delivery service providers it had previously used, leaving customers with two companies as options - one of which has a Shopee Indonesia executive on its board of directors, the news outlet said, citing investigators. KPPU said this week it was investigating the local units of Shopee, owned by Southeast Asian technology firm Sea Ltd and PT Ecart Webportal Indonesia, which operates Lazada, the Southeast Asian arm of Alibaba, but did not elaborate.
- Investing.com
Alibaba Health surges 13% on strong FY earnings
Investing.com-- Shares of Alibaba Health Information Technology (HK:0241) rose sharply on Tuesday after the firm clocked a sharp jump in its annual earnings on improved margins and strong demand for healthcare services and pharmaceuticals on its platforms.
