Shopee

The underlying economics of Shopee, Monee, and Garena may be behind the selloff.

The gap between the two players is narrowing, particularly in Vietnam, where TikTok Shop now commands more than 40% of the market.

The program offers Singapore-based Shopee sellers a hassle-free way to expand into Malaysia, Thailand, and soon, the Philippines.

Meanwhile, the investors are prizing profitability over merely cutting losses.

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.

Several contenders exist, but the verdict on the future leader of Southeast Asia’s e-commerce market remains pending.

Bringing you the latest news briefs on fundraising activities in the Asia Pacific.

Sea Group faced an unexpected setback, witnessing a 22% drop in its New York-listed shares, following the announcement of an intensified focus on its e-commerce business, particularly Shopee.