Bukalapak Stock Movement After Announcing the Closure of its E-commerce Platform

Investing.com data shows that PT Bukalapak.com shares closed at Rp114 per share on Friday (10/1/2025).

This is a 5% drop from the previous day's closing price of Rp120 per share on Thursday (9/1/2025).

Since the beginning of this year, the share price of the BUKA-coded issuer has been dominated by weakness, as seen in the chart.

However, at the time of the announcement of the e-commerce business closure last Tuesday, Bukalapak shares briefly rose to Rp122. Unfortunately, the following day it fell by 4.10% to Rp117.

Katadata reported that Bukalapak announced the closure of its e-commerce business on Tuesday (7/1/2025). Buyers can still shop until February 9, 2025.

"We would like to inform you that Bukalapak will undergo a transformation in an effort to increase its focus on virtual products. As part of this strategic step, we will cease operations for the sale of physical products on the Bukalapak marketplace," Bukalapak said on its official website on Tuesday (7/1).

"We fully understand that this change will impact Pelapak's business, and we are committed to making this transition process as smooth as possible," Bukalapak added.

Bukalapak has also prepared guidelines and steps for merchants during the transition process, such as withdrawing balances and refunds, and downloading transaction data or sales history.

The deactivation of new product uploads will take effect from February 1st. Pelapak will not be able to add new products after this period. The completion of order management is encouraged before the end of the marketplace's operation to avoid automatic cancellation of unfulfilled orders.

All unprocessed orders until March 2nd, 23:59 WIB will be automatically cancelled by the system. Funds from cancelled orders will be returned to the buyer via BukaDompet.

Consumers will be able to purchase virtual products on Bukalapak, including:

* Prepaid credit
* Data packages
* Electricity tokens
* Postpaid electricity
* Prakerja (government vocational training program)
* Bukasend (Bukalapak's sending service)
* Loan installments
* BPJS Kesehatan (National Health Insurance)
* PDAM water bills
* Telkom (telecommunications services)
* Postpaid credit
* Cable TV and internet
* PBB tax (Property Tax)
* State revenue payments
* Streaming vouchers
* Traffic ticket fine payments
* Final PPh tax payments (Personal Income Tax)
* PPN tax payments (Value Added Tax)
* PPh 21 tax payments (Personal Income Tax)
* SBN payments (State Bonds)
* Customs duty payments
* BPJS Ketenagakerjaan (Employment Social Security)
* BMoney (Bukalapak's digital wallet)
* Digital gold vouchers.

(Read Katadata: Bukalapak Closes E-commerce Business Today, Focuses on Selling Digital Products)