In this conversation, we cover the business of Bukalapak, who they are, their valuation, and interestingly, the role of the Salim group in both Bukalapak and the wider ASEAN economy.

 

Joining me to discuss and dive deep into Bukalapak’s business is Aaron Pek, the author of Value Investing Substack, and not surprisingly, a Value Investor in ASEAN.

 

Super interesting and very valuable, I hope you enjoy this deep dive on Bukalapak with Aaron Pek.

 

For the full show notes, transcript, and links to mentioned content, check out the episode page on  https://compoundingpodcast.com/ep55 

 

------

 

Show Notes:

[00:00:31 ] - [First question] - Bukalapak’s business model

[00:03:02 ] - What is a Warung? 

[00:04:39 ] - What problem does Bukalapak solve, and why does this problem persist? 

[00:08:22 ] - The rise of Indonesia and what this means for Bukalapak

[00:12:23 ] - Bukalapak’s relationship with The Salim Group

[00:17:50 ] - Chinese tycoons and the influence on the ASEAN economy

[00:22:33 ] - Bukalapak’s valuation and opportunity

[00:26:22 ] - The Macroeconomic context of Indonesia with Indo-Pacific

[00:32:13 ] - Wrapping up

 

------

 

Connect with Aaron:

Subscribe to Value Investing Substack: https://valueinvesting.substack.com/ 

Connect with Aaron on LinkedIn: https://www.linkedin.com/in/aaronpek/ 

Connect with Aaron on Twitter: https://twitter.com/ValueInvestingZ 

Aaron’s previous Interview on Compounding Curiosity: https://compoundingpodcast.com/ep7/ 

 

------

 

Mentioned/Recommended Content:

BUKALAPAK 2077: The Future Pinduoduo of ASEAN's China (Part 1): https://valueinvesting.substack.com/p/bukalapak1 

BUKALAPAK: Retail Empire of the Overseas Chinese (Part 2): https://valueinvesting.substack.com/p/bukalapak2 

BUKALAPAK x SALIM: Planning for Indo-Pacific Domination (+China!): https://valueinvesting.substack.com/p/bukalapak3 

 

------

 

Stay up to date with the podcast by signing up for the Compounding Curiosity Substack, where I’ll email you when the latest episode comes out along with my summary and takeaways, links to mentioned content, graphics and the transcript. Sign up at https://compoundingcuriosity.substack.com/ 

 

------

 

Stay Connected with Compounding Curiosity:

Visit the Compounding Curiosity PODCAST: https://CompoundingPodcast.com/ 

Sign up for the Compounding Curiosity SUBSTACK: https://compoundingcuriosity.substack.com/ 

Follow Compounding Curiosity on TWITTER: https://twitter.com/CompndCuriosity/ 

Follow Kalani Scarrott on TWITTER: https://twitter.com/ScarrottKalani/ 

Sign up for the Allocators Asia SUBSTACK: https://AllocatorsAsia.substack.com/  

Join the DISCORD: https://discord.gg/NPVNPVsCYb 

Have some thoughts on the podcast? Leave FEEDBACK: https://forms.gle/Du61UxeJ25BkydH49