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Shopee and TikTok Shop dominate e-commerce market

The Gross Merchandise Volume (GMV) on the four largest platforms, Shopee, TikTok Shop, Lazada and Tiki, reached VNĐ87.37 trillion (US$3.6 billion) in the second quarter of this year. Shopee continued to maintain its leading position with a huge revenue of VNĐ62.38 trillion, accounting for 71.4 per cent of the GMV …

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