Indonesia
Its net revenues in Jan-Sept 2023 rose 9% compared to same period a year earlier.
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Greater China
Domestic Chinese revenue also outstripped growth at rivals Alibaba and JD.com.
Singapore
Igloo has raised about $62 million across three funding rounds.
The Singapore-registered company generated a profit of close to $54m in FY23.
A huge jump in expenses and cost of sales contributed to the losses.
India
The group generated negative operating cashflows of S$22m in FY23.
The SE Asian proptech firm last reported a net profit in Q2 2022.
The company said that CEO Xu Ran will take up the role of chief executive of JD Retail, its retail business.
Sales for the company stood at $21.4 billion for the July-September period.
Increased cashburn makes sense as Shopee is facing intense competition in SE Asia, said analysts.
