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Depending on what you buy online, best to compare all 4 platforms, shopee, lazada, Qoo10 and Amazon. My experience is while shopee and lazada are quite similar in pricing, Qoo10 sometimes offer much lower prices/better value. Amazon will be for brands/products that do not have a presence in Singapore/Asia.
Lazada and shopee continue to race to the bottom with tik tok joining the race. The key to sustainied profitability is dependant on the collective action of all them combined(and maybe that of new players entering the race). Right at this moment there is no end in sight. Online shoppers will go for the lowest prices, period, those willing to bleed more will get more market share.
Since no one can accurately predict the profitability, the best way to look at this is to see how its subsidiaries fare. Akin to money losing train service and counting on advertising and rental of train station commercial shops. Core business unlikely to break even. But with the volume other opportunities arises.
Overall too sketchy for my liking. Sometimes the best thing is to admit we do not know and do nothing.Everyone else on other forums seems to have a clear idea of SEA Ltd...until they see the earnings.
Lazada and shopee continue to race to the bottom with tik tok joining the race. The key to sustainied profitability is dependant on the collective action of all them combined(and maybe that of new players entering the race). Right at this moment there is no end in sight. Online shoppers will go for the lowest prices, period, those willing to bleed more will get more market share.
Since no one can accurately predict the profitability, the best way to look at this is to see how its subsidiaries fare. Akin to money losing train service and counting on advertising and rental of train station commercial shops. Core business unlikely to break even. But with the volume other opportunities arises.
Overall too sketchy for my liking. Sometimes the best thing is to admit we do not know and do nothing.Everyone else on other forums seems to have a clear idea of SEA Ltd...until they see the earnings.