Tiki and Sendo may be in talks over a potential merger to break the dominance of Shopee and Lazada and their foreign backers.

Valuations in Vietnam E-commerce have been highly inflated in 2019 (Sendo raised USD 61M series C last November) and the sector is bleeding money: reported losses in Vietnam of Sendo+Tiki+Lazada+Shopee combined exceeded USD 220M in 2018. “Path to profitability” is set to become an injunction.

Original article here