These 2 Companies Dominate E-Commerce in Southeast Asia
E-commerce has experienced unprecedented growth over the last two decades. While much of that has occurred in developed markets with wide internet access, there is still a lot of untapped growth potential for the industry in emerging markets.
The last 10 years have seen the rise of Chinese companies like JD.com and Meituan Dianping. With spreading internet penetration and a regional population of over 500 million people, Southeast Asia has an e-commerce industry that's poised to produce strong financial results for the two companies dominating the market today, Lazada and Sea Limited (NYSE: SE)
Lazada was founded in 2012 by European tech conglomerate Rocket Internet to build the "Amazon of Southeast Asia." It made quite a bit of progress toward its ambitious goal as a stand-alone company before its sale to Alibaba (NYSE: BABA) in 2016 at a $2 billion valuation.
Source Fool.com
