$Sea (SE.US)$ as mentioned, I was optimistic on Sea and didn...
$Sea(SE.US$ as mentioned, I was optimistic on Sea and didn't think well of Tik Tok shop because Tik Tok shop mainly sell China made products directly at predatory pricing while Shopee has many local resellers and local made products sold by shops who cannot afford to have their own website selling their items. just to give an example, a Singaporean can buy a batik shirt made in Jakarta.
Given Vietnam and Philippines testy relationship with China, I expect them to follow. Malaysia and Singapore may likely sit on the sidelines
As Shopee is not a social media company, it can still have livestreaming to promote and sell products on its platform, leading to direct transactions, so that means Shopee has a big competitive advantage for growth.
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Steven J : Didn’t Temu just expand in Indonesia and some South Asia parts, if so they may steal market share like it has for other ecommerce. $PDD Holdings (PDD.US)$
102587256 : No. Shopee is over
paladinsirOP : Temu is successful selling unbranded chinese products in US doesn’t mean it will be successful in South east Asia where labour costs, household products and agricultural items are even cheaper, with a lower shipping cost too. AliExpress wasn’t that successful. Lazada and shopee already have group buys function
D454 : Agree with the above,
Additionally shopee and other local e commerce are somewhat have a good relation with the local government alr,
Hence there is the moat,
U can rlly feel it when u live in local countries of south east asia like th,vn, ph or id