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 profit of 413 million baht. Shopee posted revenue of 21.7 billion baht, followed by Lazada with 20 billion baht.
