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Shopee
Sea Limited’s market cap can hit $1T with AI: Singapore's 6th richest billionaire Forrest Li
Forrest Li, billionaire CEO of e-commerce giant Shopee’s parent company Sea Limited, said a US$1 trillion market capitalization is possible as the firm turns to AI to drive growth amid rising competition.
Vietnam to host 2025 e-commerce and digital technology application forum in HCMC
Livestream revolution: How a leader turned a poor district into a $196M digital village
Vietnamese consumers spend $7.8B on online shopping in H1
Sales on four e-commerce platforms in Vietnam, including Shopee, Lazada, Tiki and TikTok Shop, hit VND202.3 trillion (US$7.8 billion) in the first six months of this year.
July 30, 2025 | 03:00 pm PT
TikTok Shop zooms up to narrow gap with ecommerce leader Shopee
China’s TikTok Shop is narrowing the gap with Singapore’s Shopee at the top of the Vietnamese online retail market, thanks to a surge in sales this year.
July 25, 2025 | 04:00 pm PT
Shopee, TikTok Shop squeeze Tiki almost entirely out of e-commerce market
Shopee and TikTok Shop dominated Vietnam’s online retail landscape in the first quarter with a combined 97% market share, squeezing out Lazada and pushing Tiki’s share to near zero.
April 22, 2025 | 12:48 am PT
Singapore’s third richest billionaire Forrest Li to head national football association
Billionaire businessman Forrest Li, founder of tech giant Sea Limited, is set to become president of the Football Association of Singapore after his opponent in an upcoming election was disqualified.
April 20, 2025 | 07:31 pm PT
5 richest Singaporeans boast over $49B in combined wealth
The five wealthiest Singaporeans, led by paints tycoon Goh Cheng Liang, own a combined fortune of US$49.1 billion, according to Forbes’ 2025 global billionaire ranking.
April 5, 2025 | 02:46 pm PT
Sea billionaire founder Forrest Li to run for Singapore football association presidency
Forrest Li, billionaire founder of internet giant Sea Limited, will run for president of the Football Association of Singapore in its April elections.
March 17, 2025 | 12:44 am PT
Shopee, TikTok Shop fee hikes to squeeze vendors’ profits
Shopee and TikTok Shop are set to hike their platform fees next month, a move that is certain to force small vendors to hike prices to stay afloat.
March 17, 2025 | 12:40 am PT
Online sales drive business success to new heights
As the global economy accelerates, online sales have emerged as a crucial factor in the success of many businesses.
February 23, 2025 | 01:27 am PT
Who are the Singapore billionaire trio behind Sea, Southeast Asia’s largest internet firm?
All three co-founders of Sea Limited, Southeast Asia’s largest internet firm and Shopee’s parent company, are among Singapore’s richest billionaires, with Forrest Li leading with a US$8.2 billion net worth.
February 13, 2025 | 02:52 pm PT
Singapore delivery firms resort to tech to cope with holiday shopping rush
Singaporean delivery companies are bolstering payrolls and leveraging technology to tackle the surge in demand during the holiday shopping season.
December 20, 2024 | 10:13 pm PT
E-commerce sector grows 18%
Vietnam’s e-commerce market is estimated at US$22 billion this year, ranking third in Southeast Asia behind Indonesia ($65 billion) and Thailand ($26 billion).
November 10, 2024 | 01:34 am PT
Slow delivery, high prices: Vietnamese shoppers disappointed with Temu
Chinese e-commerce platform Temu has been attracting consumer attention in Vietnam, but many buyers are unhappy with its slow delivery, tiny range of payment options and uncompetitive prices.
October 29, 2024 | 09:03 pm PT
Vietnamese spend $1B each month on online shopping
Vietnamese shopped for VND25.3 trillion (US$1 billion) a month on average on five major e-commerce platforms in the first nine months of this year.
October 26, 2024 | 03:34 pm PT
HCMC department seeks penalties for Temu, Shopee over excessive discounts
The Ho Chi Minh City Department of Industry and Trade has called for the blocking of advertisements by e-commerce platforms Shopee and Temu for offering discounts exceeding 50% of a product’s price.
October 24, 2024 | 12:08 am PT
Quiz: Which Asia-Pacific country has the highest rate of online shopping using mobile phones
Some 67% of consumers in this Asia-Pacific country use their phones to shop online daily or weekly, the highest rate in the region.
August 26, 2024 | 03:00 pm PT
Shopee, TikTok Shop account for 93% of online retail
The gap between Shopee and its main rivals in the e-commerce market has widened, with the platform now holding a 71.4% market share while TikTok Shop ranks second with 22%.
August 16, 2024 | 04:29 am PT
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