Bukalapak has all the makings of a successful e-commerce player, but weaknesses persist

Bukalapak has all the makings of a successful e-commerce player, but weaknesses persist

Photo credit: Bukalapak

Indonesia’s Bukalapak needs a more sound strategy to compete against other major e-commerce ecosystems in the country, despite the impressive results it posted in Q2 2022, say analysts DealStreetAsia spoke to. In particular, the company still lags behind peers in financial services and number of users.