Ecosystem Roundup: Bukalapak to shift focus to virtual products | O’Leary, McCourt team up to acquire TikTok | Ex-Terraform Labs CEO to face fraud trial in 2026

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Ecosystem Roundup: Bukalapak to shift focus to virtual products | O’Leary, McCourt team up to acquire TikTok | Ex-Terraform Labs CEO to face fraud trial in 2026 - e27

Quick Summary:

Dear reader, Bukalapak’s strategic pivot away from physical product sales to focus on virtual offerings marks a bold evolution in its business model.

As competition intensifies in Indonesia’s e-commerce landscape, this decision underscores the platform’s commitment to long-term sustainability and adaptability.

Bukalapak’s assurances to support sellers and uphold customer rights are prudent, yet the success of this transition hinges on maintaining seamless user experiences.