Shopee, Southeast Asia's leading online marketplace, is tapping into business-to-consumer (B2C) e-commerce after focusing solely on C2C as it seeks new revenue opportunities. The local e-commerce market saw a compound annual growth rate of 27%. Ms Maneerut said Shopee Thailand expects to maintain its strong double-digit growth in 2017 to cement its leadership position in the mobile commerce market in the region. Although Shopee Thailand has not yet turned a profit, it could potentially do so in 5-8 years, in line with global e-commerce trend, said Mr Pang. A recent statement from Sea noted that Shopee has more than doubled in shop size over the past nine months.

Source: Bangkok Post May 12, 2017 01:30 UTC