Alibaba's Lazada is courting sellers affected by Indonesia's e-commerce ban on social media
Publishing timestamp: 2023-10-06 10:20:02
Summary
Lazada, a Southeast Asian e-commerce marketplace owned by Alibaba, is waiving fees for sellers in Indonesia who are affected by the country's latest e-commerce regulation. The move comes after Indonesia cracked down on social media platforms facilitating e-commerce, such as TikTok, in an effort to protect domestic businesses. Lazada is offering support to micro, small, and medium-sized enterprises impacted by the regulatory changes. The company is also facing competition from TikTok, which has become a rising threat in the e-commerce space. Lazada is the third-largest player in Indonesia's e-commerce market, behind Shopee and Tokopedia. The Indonesian government is implementing new regulations to limit the dominance of foreign e-commerce platforms and protect local businesses.
Sentiment: NEUTRAL
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