The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The Jakarta-based unicorn plans to list on the Indonesia Stock Exchange as early as August, a person with the knowledge of the matter told Tech in Asia. The news was first reported by DealStreetAsia.
“We always explore opportunities to grow and develop financially. However, we haven’t made any decision,” a Bukalapak spokesperson told Tech in Asia.
The news comes amid reports that Bukalapak is eyeing a US listing by way of a SPAC merger — a move that could potentially boost its value to $5 billion. The size of the domestic listing remains unknown, but the company could raise a minimum of $255 million, wrote Tech in Asia.
It’s just one of many Asian e-commerce businesses jumping on the IPO bandwagon, following listings by the likes of South Korea’s Coupang and an upcoming float by local rival GoTo, the new entity created by Tokopedia and Gojek’s mega-merger.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.