Momentum Asia did a great webinar (Apples to Apples: Benchmarking Shopee, Grab, GoTo and other major tech platforms webinar) some months ago trying to make sense of tech delivery platform company earnings and metrics which I did a post about… Frankly, would not touch the sector as they are too difficult to evaluate… https://emergingmarketskeptic.substack.com/p/making-sense-of-delivery-platform-stock-metrics

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Thank you, I will give your article a read. I would not discount SE based on this alone though, as it is much more than just a tech delivery platform. For example, its FinTech offering is the fastest growing and most profitable segment. Mobile penetration is still low in SEA and this is only going to trend in one direction.

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Will include a link to your post in my Monday link collection post...

I live in Malaysia and have been in SE Asia for 2 decades… I would say mobile penetration is pretty high (even in remoter areas of Myanmar, they all seem to have phones) BUT for example, there are many unbanked and uninsured people in places like Indonesia etc…

I don’t buy much online but sometimes its hard to find stuff in stores here or its hit and miss. I tend to use Shopee vs. Lazada as I can pay at 7-Eleven in cash and one I think was refusing my foreign CC… Otherwise, not that much difference when it comes to products or prices or special deals etc…

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