Lazada Thailand posted a profit for a third consecutive year in 2023. Lazada Thailand reached profitability in 2021, tallying 226 million baht after operating for a decade and posting a loss of 3.9 billion baht in 2020. In 2022, Shopee Thailand recorded a profit of 2.3 billion baht, compared with a loss of 4.9 billion baht in 2021. In 2023, TikTok Shop (Thailand) reported a loss of 290,000 baht and assets of 5 million baht, with registered capital of 50 million baht. However, Shopee Thailand has a higher profit than Lazada Thailand, as the former restructured its operations in early 2023.

Source: Bangkok Post June 20, 2024 14:13 UTC