Creden Data News Today

Food delivery drivers in Thailand, one of Southeast Asia's most competitive markets for "super apps" like Grab, are seeing their incomes plummet

E-marketplace company Shopee is pursuing fresh job cuts in Thailand, albeit a low single-digit reduction of its headcount in the country, as part of its efforts to attain profitability and weather economic challenges.

With revenue of 1 trillion baht thanks to rising global energy prices, the national oil and gas conglomerate PTT Public Co Ltd is topping the list of Thailand’s highest earners in 2021.

A difference in culture and working styles is causing a rift between Central Group and Chinese internet giant JD.com regarding their e-marketplace joint venture JD Central, according to a source familiar with the two companies.

E-marketplace Shopee is pursuing layoffs across markets in Asean, including Thailand, according to industry sources, as the company is believed to have become more cautious about spending and more focused on attaining profitability rather than burning cash.

Marred by intense competition and several promotional campaigns, the three major e-commerce operators in Thailand have racked up a combined 39 billion baht in operational losses over the past seven years, according to Creden Data, a data analytics service provider.