1. Startups

Blibli Records Performance Improvement in the First Quarter of 2024

Blibli, tiket.com, and RANCH will combine their application accounts into one in the Blibli Tiket ecosystem

PT Global Digital Niaga Tbk (GDN), the company that oversees the platform online marketplace Blibli announced an improvement in financial performance in the first quarter of 2024. Based on the latest release, GDN succeeded in reducing net losses to IDR 691,2 billion.

Even though it still recorded losses, GDN showed a positive trend with a net loss reduction of 21,28% from the previous year. The company's revenue rose sharply, driven by product diversification strategies and increased operational efficiency.

"We are optimistic about this positive trend and are working hard to reach break-even by the end of the fiscal year," said GDN CEO Kusumo Martanto.

In the midst of intense competition, GDN continues to innovate by launching several strategic initiatives. Recently, they announced collaborations with several international brands, as well as the development of more new platforms user-friendly to enhance the shopping experience online. This step is expected to attract more consumers and expand GDN's market coverage.

According to the latest market analysis, GDN is well positioned to capitalize on the increase in online shopping activity in Indonesia. Despite facing macroeconomic challenges such as inflation and declining purchasing power, the adaptation of aggressive marketing and promotional strategies is expected to strengthen the company's position in facing competition.

In terms of operations, GDN has succeeded in increasing their logistics efficiency by utilizing the latest technology. The implementation of warehouse automation systems and the use of big data analytics has optimized product distribution and accelerated the delivery process.

PT Global Digital Niaga Tbk continues to demonstrate strong adaptability in facing ever-changing market dynamics, with the hope of not only surviving but also developing in the future.

Unify accounts in a business ecosystem

More Coverage:

As announced in the mailing list distributed to customers, in the near future the BELI business ecosystem, including Blibli, tiket.com, and RANCH will combine their application accounts into one in the Blibli Tiket ecosystem. This is a follow-up step after the company announced the merger in October 2022.

Previous Blibi and Tiket.com had time to integrate services via a single sign-on widget. Users simply enter their login credentials, such as username and password, on one page to access multiple service ecosystems. The SSO widget enables users to access Tiket.com via the Blibli platform with the same account registered with Blibli.

Application Information Will Show Up Here
-
Disclosure: This article was produced with AI technology and supervision of the content writer
Are you sure to continue this transaction?
Yes
No
processing your transactions....
Transaction Failed
try Again

Sign up for our
newsletter

Subscribe Newsletter
Are you sure to continue this transaction?
Yes
No
processing your transactions....
Transaction Failed
try Again