Sea Dips 3% After Indonesian Unit Accepts Report of Alleged Antitrust Breaches - Report

seeking alpha07-02

Sea's (NYSE:SE) stock fell about 3% premarket on Tuesday after the e-commerce company's unit PT Shopee International Indonesia accepted the report of alleged antitrust violations brought by Indonesian...

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Comments

Michane
07-05
Michane
shopee, TikTok.. most of these shopping platforms same. It's just another move to save cost/make more money etc. eg. Shopee force sellers to use only shopee's delivery logistic or their affiliated 3rd party delivery, which is part of the reason why I quit selling on the platform once they started that criteria with regards to delivery.
- 虎虎虎20:
  还一直降低派送价格
DreamZ85
07-02
DreamZ85
This show that Shopee is willing to accept Indo law and regulations. Not like some other companies not willing to do anything and trying to fight their way through even they r in wrong
- jingghao:
  yes good play by sea limited!

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The regulator will form a team to oversee the company's implementation of the changes for 90 days.Under existing rules, Shopee will face another hearing and potential fines if it does not implement the proposed changes, the report noted.In May, it was reported that the agency was probing Sea, which operates the e-commerce platform Shopee, over allegations of unfair favoritism to its own delivery service over other options.Indonesia is a growth market for the Singapore-based company, along with rivals such as ByteDance-owned (BDNCE) TikTok, and Alibaba's (BABA) Lazada.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":324038311006336,"gmtCreate":1720117218266,"gmtModify":1720183208072,"author":{"id":"4091891386414570","authorId":"4091891386414570","name":"Michane","avatar":"https://static.tigerbbs.com/e34d5ed60a80aa56ff9a8771c943602c","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":4,"crmLevelSwitch":1,"idStr":"4091891386414570","authorIdStr":"4091891386414570"},"htmlText":"shopee, TikTok.. most of these shopping platforms same. It's&nbsp;just another move&nbsp;to save cost/make more money etc. eg. Shopee&nbsp;force sellers to use only shopee's delivery&nbsp;logistic or their affiliated&nbsp;3rd party delivery, which is part of the&nbsp;reason why I&nbsp;quit selling on the&nbsp;platform once they started that&nbsp;criteria with regards&nbsp;to delivery.&nbsp;","listText":"shopee, TikTok.. most of these shopping platforms same. It's&nbsp;just another move&nbsp;to save cost/make more money etc. eg. Shopee&nbsp;force sellers to use only shopee's delivery&nbsp;logistic or their affiliated&nbsp;3rd party delivery, which is part of the&nbsp;reason why I&nbsp;quit selling on the&nbsp;platform once they started that&nbsp;criteria with regards&nbsp;to delivery.&nbsp;","text":"shopee, TikTok.. most of these shopping platforms same. It's just another move to save cost/make more money etc. eg. Shopee force sellers to use only shopee's delivery logistic or their affiliated 3rd party delivery, which is part of the reason why I quit selling on the platform once they started that criteria with regards to delivery.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":180,"commentSize":1,"repostSize":8,"link":"https://ttm.financial/post/324038311006336","repostId":1193392252,"repostType":2,"repost":{"id":"1193392252","pubTimestamp":1719920851,"share":"https://ttm.financial/m/news/1193392252?lang=&edition=fundamental","pubTime":"2024-07-02 19:47","market":"us","language":"en","title":"Sea Dips 3% After Indonesian Unit Accepts Report of Alleged Antitrust Breaches - Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1193392252","media":"seeking alpha","summary":"Sea's  stock fell about 3% premarket on Tuesday after the e-commerce company's unit PT Shopee International Indonesia accepted the report of alleged antitrust violations brought by Indonesian regulatory agency KPPU, Bloomberg News reported.The disclosure came according to the company's lawyer in Jakarta on Tuesday, the report added.The company signed an agreement with the antitrust regulator to overhaul its delivery service.Shopee noted that signing the agreement was in line with efforts to comp","content":"<html><head></head><body><p>Sea&#39;s (NYSE:SE) stock fell about 3% premarket on Tuesday after the e-commerce company&#39;s unit PT Shopee International Indonesia accepted the report of alleged antitrust violations brought by Indonesian regulatory agency KPPU, Bloomberg News reported.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0f1ad8ad51092ce907ac61737e4600cc\" tg-width=\"831\" tg-height=\"824\"/></p><p>The disclosure came according to the company&#39;s lawyer in Jakarta on Tuesday, the report added.</p><p style=\"text-align: left;\">The company signed an agreement with the antitrust regulator to overhaul its delivery service.</p><p style=\"text-align: left;\">Shopee noted that signing the agreement was in line with efforts to comply with government regulation, the report added citing Executive Director Handhika Jahja.</p><p style=\"text-align: left;\">The company also pledged to not engage in anti-competitive behavior and cede its dominant position. The regulator will form a team to oversee the company&#39;s implementation of the changes for 90 days.</p><p style=\"text-align: left;\">Under existing rules, Shopee will face another hearing and potential fines if it does not implement the proposed changes, the report noted.</p><p style=\"text-align: left;\">In May, it was reported that the agency was probing Sea, which operates the e-commerce platform Shopee, over allegations of unfair favoritism to its own delivery service over other options.</p><p style=\"text-align: left;\">Indonesia is a growth market for the Singapore-based company, along with rivals such as ByteDance-owned (BDNCE) TikTok, and Alibaba&#39;s (BABA) Lazada.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Dips 3% After Indonesian Unit Accepts Report of Alleged Antitrust Breaches - Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Dips 3% After Indonesian Unit Accepts Report of Alleged Antitrust Breaches - Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-02 19:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4121542-sea-dips-after-indonesian-unit-accepts-report-of-alleged-antitrust-breaches-report?source=first_level_url%3Ahome%7Csection%3Aindices%7Csection_asset%3Alatest_news%7Cline%3A3><strong>seeking alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sea's (NYSE:SE) stock fell about 3% premarket on Tuesday after the e-commerce company's unit PT Shopee International Indonesia accepted the report of alleged antitrust violations brought by Indonesian...</p>\n\n<a href=\"https://seekingalpha.com/news/4121542-sea-dips-after-indonesian-unit-accepts-report-of-alleged-antitrust-breaches-report?source=first_level_url%3Ahome%7Csection%3Aindices%7Csection_asset%3Alatest_news%7Cline%3A3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/news/4121542-sea-dips-after-indonesian-unit-accepts-report-of-alleged-antitrust-breaches-report?source=first_level_url%3Ahome%7Csection%3Aindices%7Csection_asset%3Alatest_news%7Cline%3A3","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1193392252","content_text":"Sea's (NYSE:SE) stock fell about 3% premarket on Tuesday after the e-commerce company's unit PT Shopee International Indonesia accepted the report of alleged antitrust violations brought by Indonesian regulatory agency KPPU, Bloomberg News reported.The disclosure came according to the company's lawyer in Jakarta on Tuesday, the report added.The company signed an agreement with the antitrust regulator to overhaul its delivery service.Shopee noted that signing the agreement was in line with efforts to comply with government regulation, the report added citing Executive Director Handhika Jahja.The company also pledged to not engage in anti-competitive behavior and cede its dominant position. The regulator will form a team to oversee the company's implementation of the changes for 90 days.Under existing rules, Shopee will face another hearing and potential fines if it does not implement the proposed changes, the report noted.In May, it was reported that the agency was probing Sea, which operates the e-commerce platform Shopee, over allegations of unfair favoritism to its own delivery service over other options.Indonesia is a growth market for the Singapore-based company, along with rivals such as ByteDance-owned (BDNCE) TikTok, and Alibaba's (BABA) Lazada.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":325091321614408,"gmtCreate":1720397065527,"gmtModify":1720397070285,"authorId":4093606280922870,"author":{"id":4093606280922870,"idStr":"4093606280922870","authorId":4093606280922870,"name":"虎虎虎20","avatar":"https://community-static.tradeup.com/news/87ea24819096418dfa56ec3ae72cc4c1","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.21","exceedPercentage":"93.02%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324038311006336,"type":1,"supId":0,"prevId":0,"content":"还一直降低派送价格","text":"还一直降低派送价格","html":"还一直降低派送价格"}],"langContent":"EN"},{"id":323161249013904,"gmtCreate":1719927415885,"gmtModify":1719927745066,"author":{"id":"3577569919471507","authorId":"3577569919471507","name":"DreamZ85","avatar":"https://static.tigerbbs.com/4f88a546cd1787f83e30c21f07ed2b3a","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3577569919471507","authorIdStr":"3577569919471507"},"htmlText":"This show that Shopee is willing to accept Indo law and regulations. Not like some other companies not willing to do anything and trying to fight their way through even they r in wrong&nbsp;","listText":"This show that Shopee is willing to accept Indo law and regulations. Not like some other companies not willing to do anything and trying to fight their way through even they r in wrong&nbsp;","text":"This show that Shopee is willing to accept Indo law and regulations. Not like some other companies not willing to do anything and trying to fight their way through even they r in wrong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/323161249013904","repostId":1193392252,"repostType":2,"repost":{"id":"1193392252","pubTimestamp":1719920851,"share":"https://ttm.financial/m/news/1193392252?lang=&edition=fundamental","pubTime":"2024-07-02 19:47","market":"us","language":"en","title":"Sea Dips 3% After Indonesian Unit Accepts Report of Alleged Antitrust Breaches - Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1193392252","media":"seeking alpha","summary":"Sea's  stock fell about 3% premarket on Tuesday after the e-commerce company's unit PT Shopee International Indonesia accepted the report of alleged antitrust violations brought by Indonesian regulatory agency KPPU, Bloomberg News reported.The disclosure came according to the company's lawyer in Jakarta on Tuesday, the report added.The company signed an agreement with the antitrust regulator to overhaul its delivery service.Shopee noted that signing the agreement was in line with efforts to comp","content":"<html><head></head><body><p>Sea&#39;s (NYSE:SE) stock fell about 3% premarket on Tuesday after the e-commerce company&#39;s unit PT Shopee International Indonesia accepted the report of alleged antitrust violations brought by Indonesian regulatory agency KPPU, Bloomberg News reported.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0f1ad8ad51092ce907ac61737e4600cc\" tg-width=\"831\" tg-height=\"824\"/></p><p>The disclosure came according to the company&#39;s lawyer in Jakarta on Tuesday, the report added.</p><p style=\"text-align: left;\">The company signed an agreement with the antitrust regulator to overhaul its delivery service.</p><p style=\"text-align: left;\">Shopee noted that signing the agreement was in line with efforts to comply with government regulation, the report added citing Executive Director Handhika Jahja.</p><p style=\"text-align: left;\">The company also pledged to not engage in anti-competitive behavior and cede its dominant position. The regulator will form a team to oversee the company&#39;s implementation of the changes for 90 days.</p><p style=\"text-align: left;\">Under existing rules, Shopee will face another hearing and potential fines if it does not implement the proposed changes, the report noted.</p><p style=\"text-align: left;\">In May, it was reported that the agency was probing Sea, which operates the e-commerce platform Shopee, over allegations of unfair favoritism to its own delivery service over other options.</p><p style=\"text-align: left;\">Indonesia is a growth market for the Singapore-based company, along with rivals such as ByteDance-owned (BDNCE) TikTok, and Alibaba&#39;s (BABA) Lazada.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Dips 3% After Indonesian Unit Accepts Report of Alleged Antitrust Breaches - Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Dips 3% After Indonesian Unit Accepts Report of Alleged Antitrust Breaches - Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-02 19:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4121542-sea-dips-after-indonesian-unit-accepts-report-of-alleged-antitrust-breaches-report?source=first_level_url%3Ahome%7Csection%3Aindices%7Csection_asset%3Alatest_news%7Cline%3A3><strong>seeking alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sea's (NYSE:SE) stock fell about 3% premarket on Tuesday after the e-commerce company's unit PT Shopee International Indonesia accepted the report of alleged antitrust violations brought by Indonesian...</p>\n\n<a href=\"https://seekingalpha.com/news/4121542-sea-dips-after-indonesian-unit-accepts-report-of-alleged-antitrust-breaches-report?source=first_level_url%3Ahome%7Csection%3Aindices%7Csection_asset%3Alatest_news%7Cline%3A3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/news/4121542-sea-dips-after-indonesian-unit-accepts-report-of-alleged-antitrust-breaches-report?source=first_level_url%3Ahome%7Csection%3Aindices%7Csection_asset%3Alatest_news%7Cline%3A3","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1193392252","content_text":"Sea's (NYSE:SE) stock fell about 3% premarket on Tuesday after the e-commerce company's unit PT Shopee International Indonesia accepted the report of alleged antitrust violations brought by Indonesian regulatory agency KPPU, Bloomberg News reported.The disclosure came according to the company's lawyer in Jakarta on Tuesday, the report added.The company signed an agreement with the antitrust regulator to overhaul its delivery service.Shopee noted that signing the agreement was in line with efforts to comply with government regulation, the report added citing Executive Director Handhika Jahja.The company also pledged to not engage in anti-competitive behavior and cede its dominant position. The regulator will form a team to oversee the company's implementation of the changes for 90 days.Under existing rules, Shopee will face another hearing and potential fines if it does not implement the proposed changes, the report noted.In May, it was reported that the agency was probing Sea, which operates the e-commerce platform Shopee, over allegations of unfair favoritism to its own delivery service over other options.Indonesia is a growth market for the Singapore-based company, along with rivals such as ByteDance-owned (BDNCE) TikTok, and Alibaba's (BABA) Lazada.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":323186661032024,"gmtCreate":1719933228273,"gmtModify":1719933232919,"authorId":3573357885201228,"author":{"id":3573357885201228,"idStr":"3573357885201228","authorId":3573357885201228,"name":"jingghao","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":323161249013904,"type":1,"supId":0,"prevId":0,"content":"yes good play by sea limited!","text":"yes good play by sea limited!","html":"yes good play by sea limited!"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":4,"commentSize":2,"repostSize":3,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1193392252"}