E-commerce

Increased spending on supply chains and merchant support also weighed on its 2025 results.

The company has made progress in Brazil and Mexico, though its international business remains in the red.

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.

Discipline on positioning and direct consumer access are helping factories become brands.

The e-commerce giant seeks to maintain low prices as US and EU impose tariffs.

Ankara moves to shield its local industry, following EU and US steps against Chinese online retailers.

Once slow to embrace e-commerce, the 23-year-old company has regained momentum with a refreshed playbook.