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Shopee is the e-commerce arm of Singapore-based technology giant, SEA Limited, a digital behemoth that operates across digital entertainment, e-commerce, and digital financial services across Southeast Asia.
Compared to Sea’s gaming business, its e-commerce arm, Shopee, while rapidly growing, is also loss-making, contributing about US$1.34B in EBITA losses in 2020.
Similarly, Lazada is an e-commerce giant that operates in Southeast Asia, owned by Chinese technology giant Alibaba. Lazada was acquired by Alibaba in 2016, then the largest e-commerce company in the Southeast Asian region, to support Alibaba’s international expansion plans. Lazada’s operations are supported by Alibaba’s strong logistics network.
Shopee versus Lazada
The Southeast Asian e-commerce space is highly coveted, a 2020 study by Temasek and Google