Is the price right for a discount war in SEA’s ecommerce sector?

More: Binance looks set to be banned in the Philippines. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - [How a regional ecommerce price war could shake out]( - Bukalapak’s financial health in 9 charts - Other newsy highlights such as Binance facing a ban in the Philippines and ByteDance selling TikTok unlikely despite US regulatory pressure --------------------------------------------------------------- Hello {NAME} The English pop band Frankie Goes to Hollywood famously sang about what happens when two tribes go to war and how the end result is never good. But what about when several ecommerce players are entangled in a price war? It seems like we’re about to find out in Southeast Asia. Today’s featured story looks at how Alibaba’s new platform Choice is going head-to-head with Shopee, TikTok Shop, and Temu, with cheaper prices as the main weapon in its arsenal. Consumers may benefit from discounts for now, but in the long run, this price war could have any number of unintended consequences - for the market and the combatants. -- Peter --------------------------------------------------------------- THE BIG STORY [Southeast Asia’s ecommerce players go low to get ahead in price war]( Choice, Lazada’s latest budget-centric platform, steps into the arena to go head-to-head with Shopee, TikTok Shop, and Temu. --------------------------------------------------------------- TRENDING NEWS [ByteDance has no intention to sell TikTok in the US amid scrutiny: report]( Zhang Yiming, ByteDance’s founder and a major shareholder, is reportedly resisting any potential sale of the short-video app, Caixin reported. [Philippines to move ahead with Binance ban]( The chairperson of the country’s SEC said that Binance is a “threat to the security of the funds of investing Filipinos.” --------------------------------------------------------------- SAIGON SUMMIT 2024: CHARTING VIETNAM’S TECH FUTURE What’s Tech in Asia doing on May 30? Seven hundred attendees from across Southeast Asia, 40 of the region’s freshest startups, and 30 experts with exclusive insights into Vietnam’s tech horizon. All involved in an array of satellite events for curated learning, networking opportunities, and more. Only at Saigon Summit - it’s going to be “pho-nomenal.” [Get your ticket now!]( --------------------------------------------------------------- VISUAL STORY OF THE DAY [Bukalapak’s financial health in 9 charts]( These charts offer a snapshot of how Bukalapak is performing. --------------------------------------------------------------- PRESS PEEKS The following press releases were published as they were received, without any editing from the Tech in Asia team. You too can publish your own press release on Tech in Asia by simply filling in [this](. 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