Olivia Poh / Bloomberg:

Sea reports Q2 revenue up 23% YoY to $3.8B, a $79.9M net income, vs. $60M est., and GMV up 29% YoY to $23.3B; Shopee raised its merchant fees by ~33% in 2024  —  - Southeast Asia e-commerce leader also exceeds sales forecasts  — Company is navigating intense competition from TikTok, Lazada

Olivia Poh / Bloomberg:

Sea reports Q2 revenue up 23% YoY to $3.8B, a $79.9M net income, vs. $60M est., and GMV up 29% YoY to $23.3B; Shopee raised its merchant fees by ~33% in 2024  —  - Southeast Asia e-commerce leader also exceeds sales forecasts  — Company is navigating intense competition from TikTok, Lazada

Source: TechMeme
Source Link: http://www.techmeme.com/240813/p13#a240813p13