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Sea Ecommerce Losses: Sea posts surprise loss on hefty ecommerce investments, shares fall, ET Retail

Sea Ecommerce Losses: Rising competition from Alibaba Groups Lazada and ByteDances TikTok, along with new entrants like PDDs Temu, have forced Sea to revamp its playbook this year, with warnings that the increased ecommerce investments may lead to losses in some quarters.
Bytedance Tiktok Alibaba Group Lazada Alibaba Group Sea Ecommerce Losses Sea Ecommerce Sea Ecommerce Investments

DIY retailer Kingfisher launches AI-powered customer assistant, ET Retail

Kingfisher said the virtual assistant, which can operate in multiple languages, is initially launching on the website and app of its Castorama France unit. If it proves successful, it will be rolled out to its other businesses which include B&Q and Screwfix in Britain and Brico Depot in France.
United Kingdom Castorama France Brico Depot Tom Betts Brico Depot Home Decor

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