Meanwhile, the investors are prizing profitability over merely cutting losses.
4 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.
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.