Stock Market News

Indonesia probing Shopee, Lazada units for suspected anti-competition rule breaches

2024.05.27 05:45

© Reuters. FILE PHOTO: The Shopee logo is seen at an office building in Singapore January 17, 2018. REUTERS/Thomas White/File photo

JAKARTA (Reuters) – Indonesia’s anti-trust agency is investigating the local units of e-commerce platforms Shopee and Lazada for suspected violations of anti-competition rules, it said on Monday.

The companies are PT Shopee Internasional Indonesia, and PT Ecart Webportal Indonesia, which operates Lazada, it said. Shopee is owned by Southeast Asian technology firm Sea Ltd (NYSE:), while Lazada is Alibaba (NYSE:)’s Southeast Asian arm.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 97,846.22 1.45%
ethereum
Ethereum (ETH) $ 3,409.46 3.42%
tether
Tether (USDT) $ 1.00 0.05%
solana
Solana (SOL) $ 255.46 0.03%
bnb
BNB (BNB) $ 650.15 3.91%
xrp
XRP (XRP) $ 1.46 0.47%
dogecoin
Dogecoin (DOGE) $ 0.425333 5.81%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 1.05 7.20%
staked-ether
Lido Staked Ether (STETH) $ 3,408.31 3.55%
tron
TRON (TRX) $ 0.211339 4.83%
avalanche-2
Avalanche (AVAX) $ 41.27 2.19%
the-open-network
Toncoin (TON) $ 6.26 13.91%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 2.42%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,035.86 3.24%
stellar
Stellar (XLM) $ 0.486436 40.23%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,538.13 1.51%
polkadot
Polkadot (DOT) $ 8.49 32.16%
chainlink
Chainlink (LINK) $ 17.30 12.96%
bitcoin-cash
Bitcoin Cash (BCH) $ 500.15 1.77%
weth
WETH (WETH) $ 3,407.38 3.35%
sui
Sui (SUI) $ 3.41 1.86%
pepe
Pepe (PEPE) $ 0.00002 0.30%
leo-token
LEO Token (LEO) $ 8.60 1.27%
near
NEAR Protocol (NEAR) $ 6.13 7.10%
litecoin
Litecoin (LTC) $ 98.53 8.48%
aptos
Aptos (APT) $ 12.57 3.67%
uniswap
Uniswap (UNI) $ 10.71 14.37%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,588.00 3.33%
hedera-hashgraph
Hedera (HBAR) $ 0.15161 9.65%
crypto-com-chain
Cronos (CRO) $ 0.199841 5.57%
internet-computer
Internet Computer (ICP) $ 11.22 6.02%
usds
USDS (USDS) $ 0.999736 0.47%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.566035 17.82%
ethereum-classic
Ethereum Classic (ETC) $ 29.49 4.83%
render-token
Render (RENDER) $ 7.66 4.69%
kaspa
Kaspa (KAS) $ 0.152365 0.93%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.01%
bittensor
Bittensor (TAO) $ 511.00 3.88%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.40 12.79%
whitebit
WhiteBIT Coin (WBT) $ 24.75 0.45%
bonk
Bonk (BONK) $ 0.000047 3.03%
arbitrum
Arbitrum (ARB) $ 0.856339 10.38%
dai
Dai (DAI) $ 1.00 0.03%
vechain
VeChain (VET) $ 0.041345 21.69%
mantra-dao
MANTRA (OM) $ 3.66 3.77%
filecoin
Filecoin (FIL) $ 5.47 13.99%
dogwifcoin
dogwifhat (WIF) $ 3.20 2.75%
cosmos
Cosmos Hub (ATOM) $ 8.16 10.91%
okb
OKB (OKB) $ 51.50 10.98%