Shopee

From Aug 1, the platforms must collect and pass on income tax on sales made by small- and medium-sized sellers

The sector is maturing in the region, with players pivoting from scale to profitable growth

The project represents one of the company’s most significant steps into AI thus far

The reductions, which started this week, amount to about 8% of the company’s developer workforce

Sea has been embedding AI in small ways, like through product recommendations and seller tools

At least 100 roles in research, engineering and product development are set to be created

Value of goods and services sold on such platforms up by double digits throughout the region, except Indonesia

Citi and Maybank Securities say the sell-off ignores company’s strategic logic

For the full year, earnings surge to US$1.6 billion from US$447.8 million