Shopee Business Model Explained: How a $100 Billion Platform Dominates Southeast Asia
1 Comment on Shopee Business Model Explained: How a $100 Billion Platform Dominates Southeast Asia
Shopee’s GMV surpassed $100 billion in 2024 with 28% growth and over 10 billion gross orders, marking its first full year of adjusted EBITDA profitability. But here’s what most people miss Shopee didn’t start profitable. It burned…