UPDATE 1-Indonesia says e-commerce firm Shopee admits to violating monopoly rule

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UPDATE 1-Indonesia says e-commerce firm Shopee admits to violating monopoly rule

Reuters06-26

(adds details)

JAKARTA, June 26 (Reuters) - Indonesia's antitrust agency on Wednesday said in a statement that e-commerce firm Shopee had admitted to having violated a monopoly rule for its courier service in Indonesia.

The agency also said Shopee has agreed to make adjustments to its operating practices.

Shopee did not immediately respond to a request for comment regarding the agency's statement.

The agency, known as KPPU, had accused Shopee's local unit of violating anti-competition rules by directing customers to use certain delivery services, one of which has a Shopee Indonesia executive on its board of directors.

Shopee, the market leader in Indonesia's fast-growing e-commerce sector, is owned by Southeast Asian technology firm Sea Ltd .

Aside from Shopee, KPPU was also investigating the local unit of another e-commerce platform Lazada, the Southeast Asian arm of Alibaba .

(Reporting by Stefanno Sulaiman; Editing by John Mair)

((Stefanno.Sulaiman@thomsonreuters.com;))

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PaladinSir
·06-26
Does it mean thar the Shopee delivery is also established now that Shopee doesn't mind competition because it knows the Shopee delivery service is faster and cheaper?
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The agency also said Shopee has agreed to make adjustments to its operating practices.    Shopee did not immediately respond to a request for comment regarding the agency's statement.    The agency, known as KPPU, had accused Shopee's local unit of violating anti-competition rules by directing customers to use certain delivery services, one of which has a Shopee Indonesia executive on its board of directors.       Shopee, the market leader in Indonesia's fast-growing e-commerce sector, is owned by Southeast Asian technology firm Sea Ltd   .       Aside from Shopee, KPPU was also investigating the local unit of another e-commerce platform Lazada, the Southeast Asian arm of Alibaba   .  (Reporting by Stefanno Sulaiman; Editing by John Mair)((Stefanno.Sulaiman@thomsonreuters.com;))","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":320987662843952,"gmtCreate":1719389739979,"gmtModify":1719389745629,"author":{"id":"3569713264180526","authorId":"3569713264180526","name":"PaladinSir","avatar":"https://static.tigerbbs.com/cab8fd813c652abf36d2c5f621d1fcaa","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3569713264180526","authorIdStr":"3569713264180526"},"htmlText":"Does it mean thar the Shopee delivery is also established now that Shopee doesn't mind competition because it knows the Shopee delivery service is faster and cheaper?","listText":"Does it mean thar the Shopee delivery is also established now that Shopee doesn't mind competition because it knows the Shopee delivery service is faster and cheaper?","text":"Does it mean thar the Shopee delivery is also established now that Shopee doesn't mind competition because it knows the Shopee delivery service is faster and cheaper?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/320987662843952","repostId":2446859303,"repostType":2,"repost":{"id":"2446859303","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1719368536,"share":"https://ttm.financial/m/news/2446859303?lang=&edition=fundamental","pubTime":"2024-06-26 10:22","market":"sh","language":"en","title":"UPDATE 1-Indonesia says e-commerce firm Shopee admits to violating monopoly rule","url":"https://stock-news.laohu8.com/highlight/detail?id=2446859303","media":"Reuters","summary":"(adds details)      JAKARTA, June 26 (Reuters) - Indonesia's antitrust agency on Wednesday said in a statement that e-commerce firm Shopee had admitted to having violated a monopoly rule for its couri","content":"<html><body><p>(adds details)</p><p>      JAKARTA, June 26 (Reuters) - Indonesia's antitrust agency on Wednesday said in a statement that e-commerce firm Shopee had admitted to having violated a monopoly rule for its courier service in Indonesia. </p><p>   The agency also said Shopee has agreed to make adjustments to its operating practices. </p><p>   Shopee did not immediately respond to a request for comment regarding the agency's statement. </p><p>   The agency, known as KPPU, had accused Shopee's local unit of violating anti-competition rules by directing customers to use certain delivery services, one of which has a Shopee Indonesia executive on its board of directors.</p><p>       Shopee, the market leader in Indonesia's fast-growing e-commerce sector, is owned by Southeast Asian technology firm <a href=\"https://laohu8.com/S/SE\">Sea Ltd</a>   .</p><p>       Aside from Shopee, KPPU was also investigating the local unit of another e-commerce platform Lazada, the Southeast Asian arm of Alibaba   . </p><p> (Reporting by Stefanno Sulaiman; Editing by John Mair)</p><p>((Stefanno.Sulaiman@thomsonreuters.com;))</p></body></html>","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>UPDATE 1-Indonesia says e-commerce firm Shopee admits to violating monopoly rule</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\">\nUPDATE 1-Indonesia says e-commerce firm Shopee admits to violating monopoly rule\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-06-26 10:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>(adds details)</p><p>      JAKARTA, June 26 (Reuters) - Indonesia's antitrust agency on Wednesday said in a statement that e-commerce firm Shopee had admitted to having violated a monopoly rule for its courier service in Indonesia. </p><p>   The agency also said Shopee has agreed to make adjustments to its operating practices. </p><p>   Shopee did not immediately respond to a request for comment regarding the agency's statement. </p><p>   The agency, known as KPPU, had accused Shopee's local unit of violating anti-competition rules by directing customers to use certain delivery services, one of which has a Shopee Indonesia executive on its board of directors.</p><p>       Shopee, the market leader in Indonesia's fast-growing e-commerce sector, is owned by Southeast Asian technology firm <a href=\"https://laohu8.com/S/SE\">Sea Ltd</a>   .</p><p>       Aside from Shopee, KPPU was also investigating the local unit of another e-commerce platform Lazada, the Southeast Asian arm of Alibaba   . </p><p> (Reporting by Stefanno Sulaiman; Editing by John Mair)</p><p>((Stefanno.Sulaiman@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"89988":"阿里巴巴-WR","IE00B5MMRT66.SGD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (SGDHDG) ACC","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","BK4535":"淡马锡持仓","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU0051755006.USD":"摩根大通中国A (dist)","LU0181495838.USD":"施罗德新兴亚洲A Acc","IE00B543WZ88.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) ACC","LU0417516571.SGD":"Allianz Oriental Income Cl AT Acc SGD","LU0251144936.SGD":"Fidelity Sustainable Asia Equity A-SGD","LU0052750758.USD":"富兰克林中国基金A Acc","LU0029874905.USD":"TEMPLETON EMERGING MARKETS \"A\" INC","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0043850808.USD":"HSBC GIF ASIA EX JAPAN EQUITY \"AD\" INC","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","BK1521":"挪威政府全球养老基金持仓","SG9999002406.SGD":"利安新加坡信托基金","LU0128522744.USD":"TEMPLETON EMERGING MARKETS \"A\" ACC","LU0106959298.USD":"UBS (LUX) EQUITY FUND - EMERGING MARKETS SUSTAINABLE LEADERS (USD) \"P\" (USD) ACC","LU0173614495.USD":"富达中国焦点A","BK4085":"互动家庭娱乐","LU0359201612.USD":"贝莱德中国基金A2","LU0348788117.USD":"ALLIANZ EMERGING ASIA EQUITY \"A\" (USD) INC","SG9999002620.SGD":"LionGlobal South East Asia SGD","BABA":"阿里巴巴","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","BK4548":"巴美列捷福持仓","09988":"阿里巴巴-W","BK1142":"互联网与直销零售","LU0048580855.USD":"富达大中华区A","LU0320764755.SGD":"FTIF - Templeton Asian Growth A Acc SGD","LU0293314216.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"A\" (USD) ACC","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","BK1608":"元宇宙概念","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","BK4554":"元宇宙及AR概念","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU0320764243.SGD":"FTIF - Templeton Emerging Markets A Acc SGD","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","LU0048597586.USD":"富达亚洲焦点A","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0348783233.USD":"安联东方收入型 CI A Dis美元","LU0048573645.USD":"富达东盟基金","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","SE":"Sea Ltd","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2446859303","content_text":"(adds details)      JAKARTA, June 26 (Reuters) - Indonesia's antitrust agency on Wednesday said in a statement that e-commerce firm Shopee had admitted to having violated a monopoly rule for its courier service in Indonesia.    The agency also said Shopee has agreed to make adjustments to its operating practices.    Shopee did not immediately respond to a request for comment regarding the agency's statement.    The agency, known as KPPU, had accused Shopee's local unit of violating anti-competition rules by directing customers to use certain delivery services, one of which has a Shopee Indonesia executive on its board of directors.       Shopee, the market leader in Indonesia's fast-growing e-commerce sector, is owned by Southeast Asian technology firm Sea Ltd   .       Aside from Shopee, KPPU was also investigating the local unit of another e-commerce platform Lazada, the Southeast Asian arm of Alibaba   .  (Reporting by Stefanno Sulaiman; Editing by John Mair)((Stefanno.Sulaiman@thomsonreuters.com;))","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}