Sea’s Shopee turns first profit after fending off TikTok, Lazada

Quick Summary:

Sea shares soared to their highest in more than two years.

Once one of Asia’s hottest e-commerce players that lost some of its steam, the company is now trying to convince investors of its long-term earnings potential.

Despite fierce competition, Sea has raised the commissions it charges merchants in many core markets by about a third since the start of the year.

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Article Details

Category: EconomyBusiness

Markets: SingaporeBrazilIndonesia

Topics: Company Year E-commerce Sea’s Years Cent Shopee Market Third Merchants First

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 20:05:39 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 626 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23566228

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 15 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

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Publisher ID: #25

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