64 | Simon Torring, eCommerce in Southeast Asia

Simon Torring is the Co-founder of Cube Asia, a market insights company for online retail in Southeast Asia. Cube Asia helps brands, retail companies, and investors drive profitable growth by leveraging more recent, granular, and reliable data and insights about their online sales channels.  In this conversation, we cover eCommerce in Southeast Asia. From Sea’s struggles with Shopee, to the inevitable rise of TikTok shop, if it concerns eCommerce in Southeast Asia, we have it covered. I hope you enjoy my conversation with Simon Torring.   This collaboration between Smartkarma and Compounding Curiosity was created to surface the high-quality expertise and analytical strength of the Smartkarma Independent Investment Network, and leverage that into the popular podcast format we all know and love!   Be sure to check out Smartkarma at www.smartkarma.com/signup,  where it’s free to signup.    For the full show notes, transcript, and links to mentioned content, check out the episode page on  https://compoundingpodcast.com/ep64    ------   Show Notes: [00:01:43] - [First question] - Simon’s history with Southeast Asia and starting Cube Asia [00:03:14] - The challenges of Data collection   [00:05:36] - Finding data but also being able to integrate it [00:07:50] - Snapshot of where Social Commerce is at right now [00:10:22] - The rise of TikTok Shop [00:13:08] - Global Brands and TikTok Shop [00:16:52] - Where might TikTok Shop be going wrong? [00:23:38] - How has Shopee been able to grow its GMV meaningfully between Q1 and Q2, whereas Lazada and Tokopedia have been sort of struggling to do so? [00:30:58] - Differences between Shopee, Lazada, and Tokopedia [00:35:13] - Why Shopee's position in Indonesia, historically one of its key growth markets has sort of deteriorated since September 2022 [00:37:53] - eCommerce’s remaining growth in Southeast Asia [00:40:27] - Wrapping up   ------   Connect with Simon: Cube Asia: https://cube.asia/  Connect with Simon on LinkedIn: https://www.linkedin.com/in/simontoerring/    ------   Mentioned/Recommended Content: Social Commerce in Southeast Asia 2022 Report: https://cube.asia/social-commerce-report/    ------   Smartkarma: https://www.smartkarma.com/signup  Follow Smartkarma on TWITTER: https://twitter.com/smartkarma    ------   Stay up to date with the podcast by signing up for the Compounding Curiosity Substack, where I’ll email you when the latest episode comes out along with my summary and takeaways, links to mentioned content, graphics and the transcript. Sign up at https://compoundingcuriosity.substack.com/    ------   Stay Connected with Compounding Curiosity: Visit the Compounding Curiosity PODCAST: https://CompoundingPodcast.com/  Sign up for the Compounding Curiosity SUBSTACK: https://compoundingcuriosity.substack.com/  Follow Compounding Curiosity on TWITTER: https://twitter.com/CompndCuriosity/  Follow Kalani Scarrott on TWITTER: https://twitter.com/ScarrottKalani/  Sign up for the Allocators Asia SUBSTACK: https://AllocatorsAsia.substack.com/   Have some thoughts on the podcast? Leave FEEDBACK: https://forms.gle/Du61UxeJ25BkydH49