Shopee becomes top e-commerce in Vietnam in Q3
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Shopee has become the leading Vietnam e-commerce market player, followed by Lazada and Tiki. The report published by Iprice Insight, ranks the top 50 Vietnam e-commerce market players based on their average quarterly traffic, mobile application ranking, social media followers and number of staff, using data collected in July.
The report shows that during the quarter, Shopee had a monthly average traffic of 34.5 million visitors while Lazada, which had topped the list since the second quarter of last year, achieved 30.2 million.
Other players in the Top 5 included local company Tiki, with 29.4 million visitors a month, Sendo with 20.7 million, and Adayroi with 5.3 million.
All of the top four platforms have foreign investment.
Iprice predicts significant changes during the next quarter when the platforms offer more promotions to stimulate shopping as year-end approaches.
The Vietnam e-commerce market has been growing fiercely, with revenue forecast to reach US$10 billion by 2022.
Questions & Answers
Q.What criteria did Iprice Insight use to determine the top e-commerce players in Vietnam?
What criteria did Iprice Insight use to determine the top e-commerce players in Vietnam?
Iprice Insight ranked companies based on their average quarterly traffic, mobile application ranking, social media followers, and the number of staff employed. The data used for this report was collected in July.
Q.How did Shopee's traffic compare to Lazada's during the third quarter?
How did Shopee's traffic compare to Lazada's during the third quarter?
Shopee recorded a monthly average traffic of 34.5 million visitors in Q3. Lazada, which previously led the market, had 30.2 million monthly visitors during the same period.
Q.Are any of the top e-commerce platforms in Vietnam owned by local companies?
Are any of the top e-commerce platforms in Vietnam owned by local companies?
Local company Tiki is among the top five platforms, attracting 29.4 million visitors a month. However, all of the top four platforms, including Tiki, have foreign investment.
Q.What is the projected revenue for the Vietnam e-commerce market by 2022?
What is the projected revenue for the Vietnam e-commerce market by 2022?
The Vietnam e-commerce market is forecast to reach a significant revenue of US$10 billion by 2022. The market has been experiencing fierce growth.
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