CEO Morning Brief

Shopee to Adjust Services in Indonesia After Antitrust Violation

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Publish date: Thu, 27 Jun 2024, 10:22 AM
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TheEdge CEO Morning Brief

JAKARTA (June 26): E-commerce firm Shopee said on Wednesday it had agreed to make changes to its services in Indonesia, after the country's antitrust agency said the platform had admitted to violating anti-monopoly rules.

Indonesia's antitrust agency, known as the KPPU, said in a statement Shopee had admitted to having violated anti-competition rules by directing customers to certain delivery services after being accused of the breaches last month.

"Shopee is always committed to complying with all applicable regulations and laws in the Republic of Indonesia in conducting our business operations," Radynal Nataprawira, Shopee Indonesia's head of public affairs, said in a statement.

Shopee also said it had proposed changes to its user interface to demonstrate compliance in providing best services to its users, and in accordance with the feedback from the KPPU.

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

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

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Source: TheEdge - 27 Jun 2024

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