Shopee

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.

Shopee risks going back to its old ways as new competitors besiege the Southeast Asian e-commerce market.

The company’s stock falls more than 28% in New York as company warns of an impact on its bottom line.

Facing a multitude of challenges, Southeast Asia’s largest online marketplace is refreshing its approach to reverse its stagnant revenue growth.

Against a backdrop of macroeconomic uncertainty, the e-commerce giant is taking drastic measures to cut losses.