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Top related persons:
Sachin Mittal - 2 Woo - 2 Jonathan Woo - 2 TikTok - 2 Lazada's GMV - 2 Forrest Li - 1 GoTo - 1 Li - 1
Top related locs:
Singapore Southeast Asia Lazada India Malaysia Indonesia Philippines Vietnam
Top related orgs:
DBS Bank - 2 Phillip Securities Research - 2 Sea Ltd - 1 Bloomberg - 1 Getty - 1 Local - 1 JPMorgan - 1 Momentum Works - 1

Search resuls for: "Lazada's GMV"


2 mentions found


☆ Sea pivoted to growth over profits as it faced rising competition from TikTok, Lazada, analysts say
  + stars: | 2023-08-18 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +4 min
But analysts said the pivot is a move to defend market share. Defending your market share is the right strategy in e-commerce. CEO Shou Zi Chew said in June that TikTok would invest billions of dollars in Southeast Asia over the next few years to gain market share. Sea's decision to accelerate ecommerce investments in growth is likely to materially weigh on its earnings and share price in the near-term. "Sea's decision to accelerate ecommerce investments in growth is likely to materially weigh on its earnings and share price in the near-term," said JPMorgan.
Persons: Forrest Li, GoTo, Sachin Mittal, Woo, Li, JPMorgan, Jonathan Woo, Shou Zi Chew, TikTok, Alibaba's Lazada, Sea's Shopee, Lazada's GMV Organizations: Sea Ltd, Bloomberg, Getty, Local, DBS Bank, Phillip Securities Research, JPMorgan, Momentum Works Locations: Singapore, Lazada, Southeast Asia
☆ TikTok Shop, a rising threat to Shopee and Lazada in Southeast Asia
  + stars: | 2023-05-26 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +7 min
CFOTO | Future Publishing | Getty ImagesTikTok Shop is a rising threat to major e-commerce players such as Shopee and Lazada in Southeast Asia. TikTok Shop is the e-commerce marketplace of short video app TikTok, which is owned by Chinese tech giant ByteDance. In 2022, TikTok Shop expanded to six Southeast Asian countries — Singapore, Malaysia, Indonesia, the Philippines, Vietnam and Thailand. TikTok is "focused on the continued development of TikTok Shop in Southeast Asia," said the spokesperson. To incentivize sellers to join the platform, TikTok Shop waived commission fees when it launched in Singapore in August.
Persons: TikTok, Shopee, Shawn Yang, Shop's, Sachin Mittal, Lazada's GMV, Jonathan Woo, Lazada, Shou Zi, Woo, bode Organizations: Blue Lotus Research Institute, Sea Group, DBS Bank, CNBC, Intelligence, Phillip Securities Research, TikTok, U.S, Merchants, SG, Phillip Securities Locations: Southeast Asia, India, Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Southeast, GMV, U.S, Statista, Brazil, China, U.S ., Montana, Texas, Nomieo
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