To The Moon

The US politicians made a lot of money shorting the Chinese biotech companies 

$Sea Ltd(SE)$  Lazada retrenched all it's chief marketing officers in it's markets? That's as good as punishing them for not gaining market share and forgoing to be number 1 in the region. Save the money on subsidies?  Shopee should capitalise on this and roll out campaigns targeting localised products by local merchants and artisans. 

$Sea Ltd(SE)$ It's a bit stupid to say now, but if 1.5B can get 75% stake in Tokopedia, SE should have done that instead of Tik Tok since SE has 3.2B cash. Imagine owning 40%+40% of Indonesia market.  SE could have bought over Tokopedia easily If authorities allow.

$Sea Ltd(SE)$ TikTok spends 800 plus million to buy 75% stake in Tokopedia, so Tokopedia only worth 1.1B? Tokopedia is still operating cash flow negative, it probably running out cash soon to need that 1.5B injection from Tik Tok. Shopee is operating cash flow positive, with 3.2B in cash, so see if it can maintain market share while still being operating cash flow positive.

TikTok spends 800 plus million to buy 75% stake in Tokopedia, so Tokopedia only worth 1.1B?  Tokopedia is still operating cash flow negative, it probably running out cash soon to need that 1.5B injection from Tik Tok.  Shopee is operating cash flow positive, with 3.2B in cash, so see if it can maintain market share while still being operating cash flow positive. 

$Sea Ltd(SE)$ you see, that is the problem. Housewife selling products on Tiktok does not pay tax or pay rental. The products have lower prices from low overhead costs.  Then the physical shops that actually pay rental and taxes close shop. Then how does million of home based unregistered sellers earn taxes for the government? https://asia.nikkei.com/Politics/Indonesia-s-ban-on-social-media-e-commerce-worries-sellers?utm_campaign=IC_asia_daily_free&utm_medium=email&utm_source=NA_newsletter&utm_content=article_link&del_type=1&pub_date=20231004123000&seq_num=3&si=e55f879c-66f1-486e-a04e-9698d8c82876

$Sea Ltd(SE)$ i think SE should create a website for people to source for OEM manufacturers in Southeast Asia similar to Alibaba.com for China so that foreign companies can outsource manufacturing to Southeast Asian countries since they are derisking from China.  Many items are now manufactured in Thailand, Vietnam, Indonesia, Malaysia and Philippines for sale globally

$Sea Ltd(SE)$ have to understand the motives for Indonesia government. Tik Tok doesn't pay tax to Indonesia government, Chinese producers do not pay tax to Indonesia government, Indonesia sellers pay less tax from reduced profits from Chinese competition, so Indonesia is protecting its own interests. 

$Sea Ltd(SE)$ as mentioned, I was optimistic on Sea and didn't think well of Tik Tok shop because Tik Tok shop mainly sell China made products directly at predatory pricing while Shopee has many local resellers and local made products sold by shops who cannot afford to have their own website selling their items. just to give an example, a Singaporean can buy a batik shirt made in Jakarta. The main draw from livestreaming is the low groupbuy price, people are savvy enough to search for the price of similarly products Given Vietnam and Philippines testy relationship with China, I expect them to follow. Malaysia and Singapore may likely sit on the sidelines As Shopee is not a social media company, it can still have livestreaming to promote an

Wrong to compare Sea revenue growth with Alibaba international commerce revenue growth because Sea include Garena and SeaMoney. Shopee revenue growth was 28%. Considering it has twice the base , the growth is not bad and hard to say losing market share