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Grab's acquisition of Cambodian firm Nham24 highlights the potential of Cambodia's tech market, which has been largely overlooked in Southeast Asia's digital economy. This move signals Grab's intent to dominate a nascent market with low saturation, suggesting significant growth opportunities ahead. As the region evolves, Cambodia may emerge as a key player rather than an afterthought.
Bukalapak experienced a 7% growth in Q4, primarily fueled by an increase in marketplace revenue. This positive trend highlights the company's strong performance in the competitive e-commerce landscape.
Bukalapak reported a 7% revenue growth in Q4 2024, primarily fueled by a 21% increase in marketplace revenue, despite a 9% decline in online-to-offline (O2O) revenue due to restructuring in the FMCG segment. For the full year, the company achieved 4.5 trillion rupiah (US$293 million) in revenue, with nearly equal contributions from O2O and marketplace segments, and improved adjusted EBITDA by 28% year-over-year. Core earnings surged from 42 billion rupiah (US$2.54 million) in 2023 to 443 billion rupiah in 2024, alongside a cash reserve of 19 trillion rupiah (US$1.15 billion).
Kreatif Media Karya (KMK), a subsidiary of Emtek Group, has increased its stake in PT Bukalapak.com Tbk (BUKA) to 34.05% by acquiring 9.73 billion shares at 138 rupiah each, totaling 1.34 trillion rupiah (US$81.88 million). This move raises KMK's ownership from 24.61% and aligns with its investment goals, according to BUKA’s Corporate Secretary, Cut Fika Lutfi.
PT Bukalapak.com Tbk.
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Grab's acquisition of Nham24 highlights Cambodia's emerging tech potential
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Bukalapak reports 7 percent growth in fourth quarter driven by marketplace revenue
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