Sea Group

Smaller rivals are being pushed to the margins as online shopping booms in Thailand and Malaysia.

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.

Bringing you the latest updates on funding and investment activity across the Asia Pacific.

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.