[Event Deck] Shopee’s turbulent 2022

US $0.00




Throughout 2022, many in our community have asked us whether Shopee‘s business model sustainable, is TikTok Shop a formidable foe, if Shopee’s issues are a sign of what’s to come for the wider ecosystem – and how can they plan out their ecommerce strategies.

Momentum Academy hosted a candid discussion titled “Off the Record: Shopee’s turbulent 2022”  where we deep-dived into Shopee’s business model, their latest Q3 2022 results and increasing competition from players like Lazada and TikTok Shop.

Some of the key topics discussed include:

  • Shopee’s rough 2022: Since the beginning of 2022, Shopee’s share price dropped significantly and they pulled out of several markets in Europe.


  • Shopee in Poland – Out of all the markets in Europe, Shopee only remains in Poland now. They made inroads in the region with their involuted shopping festivals and localization.


  • Increasing competition: TikTok has been aggressively focusing on ecommerce in Southeast Asia, having expanded to 6 countries in Southeast Asia in 2022.


  • Shopee’s focus on logistics has increased its moat


  • What to expect in 2023? Macro outlook and our perspective about Shopee for 2023 – from the leadership, product and strategy perspective.


If you’re curious to know about Momentum Academy and how we can help you, reach out to us at [email protected].


*Momentum Academy leverages our community to provide unique insights on emerging tech. We provide bespoke services to empower decision makers through Momentum Works’ insights and venture experiences. We provide powerful learning experiences by combining relevant insights with burning issues that our community wants answers. We help you to answer the why, what and how to navigate a fast-changing environment.