Sea Raises Seller Fees to Above TikTok, Temu to Lift Margins

Bloomberg2024-08-12

Company is betting merchants won’t defect to new contendersQuarterly earnings out Tuesday will show if strategy workingSea Ltd.’s Shopee has raised the commissions it charges merchants in many core ...

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Comments

  • Dazzling74
    2024-08-13
    Dazzling74
    In short term probably they can increase their revenue/profit, but in long term it's risky. I'm a Shopee seller and I know many sellers have left or plan to leave Shopee because of their high commission rate and stricter rules and regulations. 
    • Dazzling74: 
      Not only the commission rate has increased, they’re implementing stricter rules and policies which is favouring buyers. It is becoming increasingly difficult for sellers to make profit in their platform. Due to the competitiveness most seller’s sales has dropped too.
    • PaladinSir: 
      it is more likely that sellers will have a presence in all platforms rather than pull out of Shopee because take rate is only after a sale. I mean if there is a sale and you can still make a profit, then why would sellers pull out of Shopee? it's not rental fee whereby you have to pay whether or not there is business.
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