Shopee, a Singaporean e-commerce platform, has been growing rapidly in Southeast Asia, with a focus on Indonesia, Vietnam, and the Philippines. In 2021, Shopee had a 50% market share in Indonesia and a 45% market share in Vietnam. In comparison, Lazada, a similar platform, had a 30% market share in Indonesia and a 35% market share in Vietnam. Shopee's growth has been driven by its aggressive marketing strategies, including offering discounts and promotions, and its focus on mobile commerce. In 2021, Shopee's gross merchandise volume (GMV) in Indonesia was US$15.4 billion, up 93% from the previous year, and its GMV in Vietnam was US$5.6 billion, up 85% from the previous year. In addition, Shopee has been expanding its presence in other markets, such as Thailand and Malaysia. Overall, Shopee's growth has been impressive, and it is considered a major competitor to Lazada in the region.
