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Sea Ltd’s stock soars on Shopee’s growth. But Tiktok and Temu loom large

Increased competition in Southeast Asia’s e-commerce space has resulted in companies fighting in each other’s turfs. And customers now get to choose between intent-driven and impulse-driven buys

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Cheap products, fast shipping, and variety. Temu has buyers hooked to the cart

But who pays the price for this Chinese e-commerce platform’s secret to success—suppliers, competitors, or the customer?

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Sea was once the world’s hottest stock. Now, investors flee after earnings calls

The gaming-to-online-retail giant’s market-share promises fall flat, triggering consecutive stock plunges on the NYSE

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Tiktok clampdown to protect small businesses in Indonesia misfires

Many of Tiktok Shop's 6M sellers started to suffer when social-media platforms were banned from handling e-commerce transactions

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This Philippine bank is piggybacking on Gcash, Shopee’s growth. But for how long?

CIMB Bank Philippines’ fortunes are tied to the rise and fall of its partner platforms

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How livestream sellers in the Philippines double up as scammers on Shopee, FB

With 73 million livestream shoppers, the Philippines is not just the biggest live-selling market but also the biggest playground for scammers. Blame it on the country and the platforms

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It’s time for Goto’s last big overseas outpost to find its feet

Gojek Vietnam feels a survival squeeze as the parent company focuses on Indonesia

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5 licensees in, Malaysia’s real digital bank hurdle race starts now

Grab-Singtel-Kuok Brothers, Sea-YTL, Boost-RHB, AEON-MoneyLion, and KAF-MoneyMatch can all celebrate their Malaysian digital banking licence win. But not for long

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ShopBack, hoolah and a bid to get people hooked to cashbacks

The Singapore-based cashback app has established a strong online standing with 30 million users across 9 markets. It’s now trying to ramp up through its BNPL service hoolah and offline expansion. But cashback earning is far from an everyday habit for many

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Sea’s cash cow Garena is drying up. It needs to up its game

A stake sale by China’s Tencent sent NYSE-listed Sea Ltd’s stock price tumbling and slashed its valuation from over US$200 billion to US$87 billion. With its money-spinning gaming arm Garena showing signs of stagnation, Sea needs to find a new growth engine to woo public market investors

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Traveloka, Trip.com’s hyperlocal ticket to super-app destination

A prolonged pandemic is reshaping online travel agencies’ playbooks in Southeast Asia, as they retreat to their home base. While OTAs are expanding into services like fintech as part of their localisation strategies, the region’s super apps are also vying for a bigger piece of the online travel market

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How foodpanda was quick off the mark in SE Asia’s q-commerce race

Nine-year-old foodpanda has always trailed behind super app Grab in food delivery, but it aims to win Southeast Asia’s instant grocery delivery race. With 300 dark stores already set up across 11 Asian markets, it’s got a substantial head-start. But competitors are catching up

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How Shopee, Lazada, Tokopedia are becoming travel agents in SE Asia

Electronics, home appliances, fashion,...island cruise? The pandemic is rewriting how travel sellers are viewing e-commerce platforms like Shopee, Lazada, and Tokopedia. But selling a travel experience on an online marketplace isn’t as straightforward as selling a smartphone

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Global leaders, watch your backs; Sea’s coming with US$6 billion more

After a stunning last 18 months, Singapore-based Sea is striking while the iron’s hot by raising over US$6 billion from the public markets and expanding to India and Europe. But the capital raise only heaps pressure on the business reliant on a few big hits

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To become Muslim fashion hub, Indonesia needs more of a helping hand from Shopee and Co

Indonesia dreams of becoming the global fashion capital for Muslim wear—an industry that’s projected to be worth US$311 billion by 2024. E-commerce leader Shopee has banned cross-border sales for Muslim wear products, but it’s a move that’s all mouth and no trousers

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Una Brands, Rainforest light the brand aggregation match in SE Asia

E-commerce aggregators are hot after US-based Thrasio became a profitable unicorn in just two years. But Southeast Asia’s two well-backed contenders must navigate the complications of scaling brands, especially in the region

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ShopeeFood’s stiff mission to end Indonesia’s Grab-Gojek duopoly

Grab and Gojek have a comfortable hold on Indonesia’s food-delivery sector. New entrant ShopeeFood, part of the US$119 billion Sea Group, can disrupt that equilibrium. But winning market share won’t be straightforward for the newbie

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The Interview: Pandu Sjahrir’s leap from Indonesia’s coal baron to tech kingmaker

Sjahrir, an unknown figure 10 years ago, suddenly seems to be everywhere. Chairman of Sea Indonesia. Gojek board member. His breakthrough was taking a coal mining company public in 2012. Now, he’s helping tech companies list on the Indonesian Stock Exchange

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Indonesia’s last chance to save domestic garment makers

Cheap products from overseas are pricing out Indonesian garment makers. Even hijabs can’t be mass-produced locally anymore at a competitive price. Some manufacturers refuse to accept that

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The US$1 billion driving force behind Sea’s new investment fund

Sea Ltd, Southeast Asia’s largest internet company, set aside US$1 billion after an incredible rollercoaster ride pushed its valuation 5X since January 2020. That’s unprecedented firepower and a sign of things to come as other tech firms look to go public

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Sea’s red-hot stock run reshapes Southeast Asia’s tech playbook

The Shopee-owner’s stock surged five-fold in 2020, giving itself a giant war chest while minting new billionaires. Its looming shadow is pushing Grab and Gojek towards their much-rumoured merger and prompting rival tech firms to consider going public via SPACs

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What’s keeping Central Group’s Thai retail empire offline?

With merchants, warehouses, logistics, and some 2,000 stores, Central Group has all the ingredients to be an e-commerce powerhouse. Yet after nearly eight years of efforts—bringing in foreign leadership, acquiring startups, and building a tech unit—it still finds itself in a digital no man’s land

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As economies crash, Sea stands tall on its three pillars

Sea has built a US$74 billion business on the back of its gaming, e-commerce, and fintech verticals. As it looks to forge ahead on all three fronts, it's proving why it’s the world’s hottest tech stock right now

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Destination IPO, Thailand’s aCommerce rides on Covid digitisation demand

E-commerce enabler aCommerce was in the right place at the right time during the Covid-19 pandemic as online sales accelerated. Now it aspires to become Thailand’s first startup IPO

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Alibaba takes the wheel as Lazada loses lead to Shopee

Lazada has changed its CEO at a pivotal time. Rival Shopee’s aggressive spending has seen it overtake Lazada in downloads and web traffic across Southeast Asia. But Lazada and Alibaba are taking a slow and steady approach

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When the Philippine taxman comes knocking on online sellers’ doors

In yet another pandemic downer, the Philippines is 18% short of its tax target for the first five months of this year. It’s now issued a reminder to online sellers—the one industry to see an uptick—to pony up taxes, or else...

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Indonesia’s import shyness is Malaysia’s gain in SE Asia’s e-commerce race

Indonesia is an outlier in Southeast Asia with its protectionism when it comes to international e-commerce transactions. Neighbour Malaysia, armed with an Alibaba partnership, is starting to step up as a regional hub

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7 takeaways from Covid-time digital winners and losers in Southeast Asia

Armed with data from mobile app analytics firms Apptopia and AppsFlyer, The Ken takes a closer look at TikTok, Zoom, Facebook, Grab, Agoda, and a bunch of new games that have recently made their way into phones in the region

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10-year itch: Tokopedia bets on digital payments to take on Shopee

Tokopedia is trailing behind younger rival Shopee, which ended 2019 with 30% more daily active users. Indonesia’s e-commerce pioneer is now diversifying interest by securing a major stake in digital financial services platform Ovo

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Data points probe Southeast Asia’s app addiction

One hour more than the global average. That's how much screen-time most people living in Southeast Asia get. The data reveals a fair bit: Facebook frenzy, a Chinese dark horse, Grab's stronghold, and more

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Amazon gets serious about Southeast Asia

Amazon’s 2017 launch in Singapore was expected to see the world’s largest e-commerce firm take big bites out of Southeast Asia. That hasn’t happened yet. But Amazon is weighing up audacious investment opportunities to tap local partners and finally tackle the promising region

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