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Bukalapak acquihires second-hand goods marketplace Prelo

Prelo logo

Prelo

16/10/2018 – Indonesian ecommerce startup Bukalapak has confirmed the latest acqui hiring of the talents at Prelo, a peer-to-peer online marketplace selling preloved items.

Following the deal, Bukalapak will leverage on the Prelo’s expertise in quality assurance and security, as well as to benefit from the close market segment that the startup shares with Bukalapak on the C2C marketplace.

For Prelo, there is no news yet on whether it will continue its operations after the acquihire, but so far the platform itself still remains accessible to date.

“We didn’t acquire Prelo, we just acquired the talents behind the company to join us in Bukalapak,” said Bukalapak’s Chief Strategy Officer Teddy Oetomo, adding that there’s no further comment on their future strategy for now.

Bukalapak did not specify how many Prelo employees it is adding to its team. However, the company did confirm that Prelo’s founder Fransiska Hadiwidjana has joined Bukalapak as its head of business.

While this move is Bukalapak’s first publicly known major acquisition of another company or its assets since its last funding round in late 2017 backed by Singapore sovereign wealth fund GIC.

This however, is not the first acquisition or acquihire scheme by Bukalapak. Previously, the company had already acquired several software houses, said the Co-Founder and President of Bukalapak M. Fajrin Rasyid.

Bukalapak has constantly been on an ongoing process of exploring the acquisition of ecommerce players that synergize with the company and it was reported that Prelo was their first target.

The company had set up a special merger and acquisition team that targets to achieve its ambition of serving 10 million people by 2025.

“We see that Prelo has a huge market share, and also a high-quality team that has the spirit of opening business opportunities. At the same time, they share the same vision as Bukalapak,” said Oetomo.

Prelo describes itself as an ecommerce platform for second-hand goods. The startup maintains a strict quality assurance process and fights counterfeit goods by presenting a secured buying & selling platform for pre-loved items or second-hand items.

The startup is based in the Indonesian city of Bandung, which incidentally is also the location that Bukalapak is slated to open a new R&D center soon.

Harrow Beijing students break stereotypes that Asian students can only succeed at Maths and Sciences

John Hopkins, the Assistant Head master, Communications of Harrow Beijing with Students in the Class.
John Hopkins, the Assistant Head master, Communications of Harrow Beijing with Students in the Class.

It was not so long ago that many people believed that Asian students struggled to learn to speak and write in English. As Chinese and other Asian students are now amongst the top students in the top-100 universities in the world, that notion has been rightly condemned as a fallacy. With that said, speaking English does not necessarily mean that a student will be able to gain a high score on an A-level exam.

History is an obvious example of a subject where Asian students might be considered to be at a disadvantage as much of the curriculum assumes knowledge of western history. Cambridge International AS and A-level History is a flexible and wide-ranging syllabus covering modern history in the nineteenth and twentieth centuries. The emphasis is on building the skills used by historians. Learners develop an understanding of cause and effect, continuity and change, similarity and difference, and use historical evidence as part of their studies. In recent Year 12 AS exams, 60% of Harrow Beijing students received As, with 90% achieving As or Bs.

Geography has long been a strong subject at Harrow Beijing and this year has been no different. Results at AS were 50% of the students achieving A* grades. Chelsea F. and Emily D. achieved 100% in both AS and A2 exams which means that they can now apply to the world’s best universities. For A2, 100% of students achieved A-B grades. Globally, geography has never been more relevant as it allows students to understand the issues affecting the world and encourages them to come up with solutions.

Harrow Beijing A-level Students in the Class.

And lastly, Business and Economics have also been a part of this trend. This year results at A2 level Business and Economics saw 70% of students achieve an A in Economics and 50% achieve an A in Business. Results such as those above have afforded our students the opportunity to attend the top universities around the world. Studying Business or Economics is fascinating as it teaches students how economic analysis can help us to understand the big themes of the 21st century – poverty, inequality, globalisation and trade, and the contrasting experiences of success and failure in the economies of different regions of the world.

In order to succeed in their studies of the aforementioned subjects, students need very high levels of language and literacy. Throughout their time at Harrow Beijing, the students currently achieving great success in their AS and A2 exams have received support with developing their language skills. The Language and Learning (L&L) department and Harrow’s implementation of ‘Content Language Integrated Learning’ (CLIL) has ensured that students have achieved the language levels required to be truly successful in whatever subjects they decide to study.

The successes of our students in a range of subjects is being reflected in the diversity of subjects they are choosing to study at university. From Fine Arts to Sociology, from Management to Politics, and Philosophy and Economics, Harrow Beijing students are choosing subjects that reflect the broadening of the Chinese economy.

As a part of the school mission of ‘Leadership for a Better World’, Harrow Beijing is currently offering A-level scholarships. For details, please see: www.harrowbeijing.cn/admissions/jba-scholarship

By John Hopkins, Assistant Head master, Communications of Harrow Beijing.