Momentum Works: SE Asia's e-commerce GMV hit $114.6B in 2023, up 15% YoY; Shopee had a 48% share and TikTok Shop's GMV grew from $4.4B in 2022 to $16.3B in 2023 (Tsubasa Suruga/Nikkei Asia)

Jul 18, 2024 14:00

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Momentum Works: SE Asia's e-commerce GMV hit $114.6B in 2023, up 15% YoY; Shopee had a 48% share and TikTok Shop's GMV grew from $4.4B in 2022 to $16.3B in 2023 (Tsubasa Suruga/Nikkei Asia)

Momentum Works: SE Asia's e-commerce GMV hit $114.6B in 2023, up 15% YoY; Shopee had a 48% share and TikTok Shop's GMV grew from $4.4B in 2022 to $16.3B in 2023 (Tsubasa Suruga/Nikkei Asia)

Momentum Works: SE Asia's e-commerce GMV hit $114.6B in 2023, up 15% YoY; Shopee had a 48% share and TikTok Shop's GMV grew from $4.4B in 2022 to $16.3B in 2023 (Tsubasa Suruga/Nikkei Asia)

Momentum Works: SE Asia's e-commerce GMV hit $114.6B in 2023, up 15% YoY; Shopee had a 48% share and TikTok Shop's GMV grew from $4.4B in 2022 to $16.3B in 2023 (Tsubasa Suruga/Nikkei Asia)

Momentum Works: SE Asia's e-commerce GMV hit $114.6B in 2023, up 15% YoY; Shopee had a 48% share and TikTok Shop's GMV grew from $4.4B in 2022 to $16.3B in 2023 (Tsubasa Suruga/Nikkei Asia)

Momentum Works: SE Asia's e-commerce GMV hit $114.6B in 2023, up 15% YoY; Shopee had a 48% share and TikTok Shop's GMV grew from $4.4B in 2022 to $16.3B in 2023 (Tsubasa Suruga/Nikkei Asia)