Sea Dips 3% After Indonesian Unit Accepts Report of Alleged Antitrust Breaches - Report-To The Moon - Tiger Brokers Online Investing Community

4
2
Favorite

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...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（2）

Michane
·07-05
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.
Reply
180
Report
Fold Replies
- 虎虎虎20:
  还一直降低派送价格
  07-08
  Reply
  Report
DreamZ85
·07-02
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
Reply
4
Report
Fold Replies
- jingghao:
  yes good play by sea limited!
  07-02
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1193392252?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-02 19:47","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"1193392252","market":"us","top_or_hot":-1,"title":"Sea Dips 3% After Indonesian Unit Accepts Report of Alleged Antitrust Breaches - Report","media":"seeking alpha","content":"<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\">Source Link</a>\n\n</div>\n","source":"seekingalpha","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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SE","symbol_name":"Sea Ltd","start_time":0,"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","article_id":"1193392252","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193392252","pubTimestamp":1719920851,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"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","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SE":"Sea Ltd"},"translate_title":"印度尼西亚子公司接受涉嫌违反反垄断的报告后，Sea股价下跌3%-报告","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SE":1.1},"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.","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":5,"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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"80.63%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":5,"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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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"}],"hasMoreComments":true,"newsSizeData":{"likeSize":4,"commentSize":2,"repostSize":3,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}