Sea's Shopee is nearing a $100B market cap after its stock surged 300%+ since early 2024, driven by its in-house, community-based logistics network SPX Express (Bloomberg)

Bloomberg:
Sea's Shopee is nearing a $100B market cap after its stock surged 300%+ since early 2024, driven by its in-house, community-based logistics network SPX Express  —  Shopee now dominates the Southeast Asian e-commerce market thanks to a cavalry of retirees, homemakers and students delivering parcels

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