Summary: Shopee, owned by Sea, has experienced a remarkable 300% stock rise since 2024, driven by its hyperlocal delivery network, SPX Express. SPX Express, powered by a network of homemakers, students, and retirees, enables next-day delivery in Singapore and within two days in the rest of Asia. This local logistics operation, coupled with Shopee’s strong market presence, has solidified its position as the dominant e-commerce platform in Southeast Asia, with a 56% market share.

Link: https://www.theedgesingapore.com/news/singapore-news/hyperlocal-deliveries-fuel-300-stock-rise-shopee-owner-sea