Homepage
PR Newswire
To start a war for a market of 670 mil with 3 cash rich players, I wonder if the fruits is worth the labour. Eventually one is likely to fall to resume the story of the top 2 maintaing its market share and become cash flow generative again.
With Bytedance's cash warchest, I am not sure if Sea or Alibaba can keep fighting. For Sea, forrest Li has stressed the word self-sufficient but with Shopee becoming cash burning, Forrest Li's goal seems to be a stretch. And Sea's warchest is not sufficient to swallow Lazada and finance the expanded empire. Realsitically, being the smaller "ATM", Sea Group could consider a "Go-to" and cede to Alibaba and get Alibaba to become the majority and inject a few billions.
But Sea Group, excluding Shopee, lacks the story of a growth stock and this brings down market expectations of Sea's prospects. Shopers we are rejoicing, but shareholders of Sea are now thinking what lies ahead and how much is this conglomerate worth. I would love to buy popcorn to watch this war, let me accumulate more shopee coins to buy discounted Garrett popcorns then.
For those playing shopee coins, Shopee game called "Shopee pets" has a buy a 3 star pets for 40 coins (40 cents), feeding the pet the maximum 3 times a day for 14 days will yield you 65 coins. Sorry I am cheapo but thats how I reduce my cost of living admist the cost of living crisis
PS: Shopee Coins can be used for payment as SGQR in many hawkers under the payment method of "Shopeepay", tried and tested and am appreciative shopee subsidizes me about $5 per month with $0 spent in a month on its e commerce
With Bytedance's cash warchest, I am not sure if Sea or Alibaba can keep fighting. For Sea, forrest Li has stressed the word self-sufficient but with Shopee becoming cash burning, Forrest Li's goal seems to be a stretch. And Sea's warchest is not sufficient to swallow Lazada and finance the expanded empire. Realsitically, being the smaller "ATM", Sea Group could consider a "Go-to" and cede to Alibaba and get Alibaba to become the majority and inject a few billions.
But Sea Group, excluding Shopee, lacks the story of a growth stock and this brings down market expectations of Sea's prospects. Shopers we are rejoicing, but shareholders of Sea are now thinking what lies ahead and how much is this conglomerate worth. I would love to buy popcorn to watch this war, let me accumulate more shopee coins to buy discounted Garrett popcorns then.
For those playing shopee coins, Shopee game called "Shopee pets" has a buy a 3 star pets for 40 coins (40 cents), feeding the pet the maximum 3 times a day for 14 days will yield you 65 coins. Sorry I am cheapo but thats how I reduce my cost of living admist the cost of living crisis
PS: Shopee Coins can be used for payment as SGQR in many hawkers under the payment method of "Shopeepay", tried and tested and am appreciative shopee subsidizes me about $5 per month with $0 spent in a month on its e commerce