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Alibaba’s Lazada achieves first profit despite TikTok Shop’s 2023 market surge

Lazada’s first profit milestone hints at Alibaba’s USD 7.7 billion investment bearing fruit, but intense competition leaves a long road ahead.

2 mins read
  • With GMV skyrocketing to USD 16.3 billion in 2023, TikTok Shop is shaking up Southeast Asia’s e-commerce market, giving Shopee and Lazada a run for their money.

    Insights

    TikTok Shop’s GMV soared in 2023, putting Shopee and Lazada on edge

    7 mins read

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