lazada win the long game.

shopee just do not have enough infra and backers to fight lazada.

now sea limited shares going to drain due to no foreseeable profit, want charge higher fee to consumer/seller ended up losing market share.

GG endless cancer cycle.

big mistake to be listed. big mistake to strike on long term logistic and distribution deals with the likes of pos singapore, pos malaysia, ninjavan and j&t in which resulted its major cost and weakness value segment become too static/uncontrollable as well as unable to innovate through technologies. Big capital can only be splashed to get market share instead of innovation.

board of directors are all too young with only successful experiences from garena
- long stroke of good luck & circumstances and seamoney
- unethical money grabbing practice of from addicted young gamers.

tencent distancing is a red big flag. if shopee continue to go down, the company will be gg soon.