Thailand's e-marketplace players are shifting to profitability after almost a decade of losses, attributed to cautious spending, operating adjustments and increasing service fees. Shopee posted a profit for the first time in 2022, tallying 2.4 billion baht, while Lazada recorded a profit of 413 million baht. Shopee posted revenue of 21.7 billion baht, followed by Lazada with 20 billion baht. Shopee accounted for the largest proportion of revenue and profit for SEA (Thailand) in 2022. Last year Shopee Express (Thailand) turned a profit of 932 million baht, with revenue of 16 billion baht. Both Lazada and Shopee raised their service fees last year from 1% to 2%,and again in April 2023 from 2.14% to 3.21-4.28%, depending on the product categories. (ICE BANGKOK)

Fonte notizia: Bangkok Post