E-commerce competition heats up for Amazon, Alibaba, Sea and Temu

Amazon is trading at around US$153.50. It is up about 63 per cent over the past year, but that is still lower than the shares hit in June 2021.  PHOTO: REUTERS
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SINGAPORE - Global e-commerce players are facing intensifying competition that has led to shifting market shares amid concerns over profitability.

DBS Group Research in its January report tips Amazon and PDD – the parent of Chinese online retailer PinDuoDuo – for their growth prospects.

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