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- 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.
- Reuters SG
UPDATE 1-Indonesia probing Shopee, Lazada units for alleged competition rule breaches
Indonesia's anti-trust agency said on Monday it is investigating the local units of e-commerce platforms Shopee and Lazada for suspected violations of anti-competition rules. The companies are PT Shopee Internasional Indonesia, and PT Ecart Webportal Indonesia, which oversee the domestic operations of Shopee and Lazada respectively. The agency did not elaborate on what the alleged breaches of anti-competition rules were.
- Simply Wall St.
Sea Limited's (NYSE:SE) one-year returns climbed after last week's 13% gain, institutional investors must be happy
Key Insights Given the large stake in the stock by institutions, Sea's stock price might be vulnerable to their trading...
