Indonesia’s Bukalapak hopes to become profitable by year end: Willix Halim, COO

BUKALAPAK, that is among Indonesia’s oldest e-commece market places, and is also the country’s third largest player in this space, aims to turn profitable by 2017-end, a top executive with the company said, while adding that a potential listing remained part of its long-term plans to raise capital.

These developments come even as several e-commerce players in Southeast Asia’s largest economy’s are battling to survive, amidst a funding crunch, even as the top players, that have larger war chests, continue to engage in price wars, as they target a larger pie from its swelling online shopping market.

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