- In the previous article, I laid out the risk from Sea Limited's persistent shrinkage in GMV per order trend in the past five quarters.
- I also questioned for how long would shareholders stay patient in tolerating its ballooning losses from e-commerce and Digital Financial Services.
- In this article, I look into its expansion plans and, in particular, its international ambitions which I reckoned could see resistance from governments and its competitors.
- In India, a trade body alleged that Shopee had entered India illegitimately and its "low ball pricing" tactics would cause harm to the local small sellers and retailers. Is this a sign of what's to come from other countries?
- In its home base of Southeast Asia, Shopee is facing stiffening competition from rivals.
For further details see:
Sea Limited: International Expansion Faces Hurdles