Hyperlocal Deliveries Fuel 300% Stock Rise for Shopee Owner Sea

Delivery people like this retiree are key to e-commerce platform shopppee success in Southeast Asia. Although Shopppee is competing with big names like Amazon, Alibaba, and Teimu in the region, it's managed to come out on top with the biggest market share. Its parent company C's share price has rebounded more than 300% since the start of 2024.During the pandemic, C started investing heavily in its own logistics arm, SPX Express. This helped it scale up and fend off competition. But beyond large-scale invest ...