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Shopee

Alibaba’s Lazada posts first monthly profit amid intense competition in Southeast Asia

by Walter Watson
Alibaba’s Lazada posts first monthly profit amid intense competition in Southeast Asia

Lazada, the Southeast Asian online shopping platform of Alibaba Group Holding, has achieved a monthly profit for the first time, according to an internal announcement. In an announcement during the …

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ByteDance said to cut 450 jobs in Indonesia after deal merging TikTok Shop with Tokopedia

by Walter Watson
ByteDance said to cut 450 jobs in Indonesia after deal merging TikTok Shop with Tokopedia

The reductions, equal to about 9 per cent of employees at the Indonesian unit, will commence as soon as this month, according to people familiar with the matter. The final …

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Singapore says Shopee safe as Amazon against scams. Carousell, Facebook Marketplace rank worst

by Walter Watson
Singapore says Shopee safe as Amazon against scams. Carousell, Facebook Marketplace rank worst

The ratings, which are refreshed annually, seek to provide consumers with information on the anti-scam measures implemented by e-commerce platforms operating in Singapore. The overall safety rating assigned to each …

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TikTok restarts e-commerce in Indonesia with US$1.5 billion investment in GoTo Gojek Tokopedia unit

by Anas Siddiqui
TikTok restarts e-commerce in Indonesia with US.5 billion investment in GoTo Gojek Tokopedia unit

Shares in GoTo, whose business includes ride-hailing, delivery and financial services, tumbled 8.3 per cent after the announcement, as some investors took profit from the stock’s recent rally on expectations …

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Singles’ Day sales get ‘aggressive’ as shops tease Southeast Asia’s newly frugal consumers

by Walter Watson
Singles’ Day sales get ‘aggressive’ as shops tease Southeast Asia’s newly frugal consumers

From cheap flights to handbags, bulk buys of goji berries and two-for-one Botox injections, Southeast Asian businesses are desperate to claw back custom this Singles’ Day from shoppers made reluctant …

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