Southeast Asia’s e-commerce gold rush draws Chinese giants from Alibaba to ByteDance

Posted under: Fintech
Date: 2024-11-08
Southeast Asia’s e-commerce gold rush draws Chinese giants from Alibaba to ByteDance

The Southeast Asian e-commerce market is expected to more than double in the next six years to reach US$370 billion by 2030. The booming sector has attracted a slew of Chinese players – including Alibaba Group Holding’s Lazada, PDD Holdings’ Temu and ByteDance’s TikTok Shop, as well as regional giant Shopee from Singaporean conglomerate Sea – all vying for Southeast Asia’s 612 million consumers.

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