News Snapshot:
Disclaimer: Opinions expressed below belong solely to the author. Almost exactly a year ago, I observed that at the trajectory it was growing, Sea’s e-commerce app Shopee would eclipse even the mighty Alibaba in international markets (i.e. everywhere outside of China) by 2022. With the latest results published by Sea Ltd. yesterday , it has now become a fact. For the quarter ending on 30 June 2022, Shopee reported revenues of US$1.7 billion, up by 51.4 per cent year-on-year versus US$1.57 billion (down by three per cent) submitted by Alibaba for all of its international businesses — Lazada, AliExpress, Trendyol...
