[Updated] Indonesian e-commerce player Blibli's losses widen sharply on higher expenses

[Updated] Indonesian e-commerce player Blibli's losses widen sharply on higher expenses

Blibli warehouse (Photo courtesy of Blibli)

PT Global Digital Niaga Tbk — a listed entity that owns Indonesian e-commerce player Blibli, online travel agency Tiket.com, and supermarket chain Ranch Market — reported significantly wider losses in 2022 despite higher revenues as expenses soared, according to a filing with the Indonesia Stock Exchange late on Wednesday.

Edited by: Joymitra Rai