$SE

Indo 3rd party logistics firms complaining about Shopee Express under-cutting their business, and now want a "minimum floor price" on parcels... $SE This is after govt already mandated that end consumers should be able to specify which logistic provider to use at checkout. But obviously given similar service (and SPX often delivers faster), they're going to choose the lowest-cost provider. They're simply admitting their businesses can't compete... Don't know what political noise will come out of this, if any. But regardless, a good sign of Shopee's growing logistics moat. https://t.co/ZUsZZiKzSd