Alibaba and ByteDance's TikTok Shop are just some of the Chinese e-commerce players that have quickly come to dominate around half of the online shopping market in several Southeast Asian countries, consulting firm Bain and Company said in a report Thursday.

In Indonesia, Thailand and the Philippines, Chinese online shopping players — such as Shein and PDD 's Temu — account for roughly 50% of the local e-commerce market, data for 2024 showed, according to the report. It indicated the Chinese companies have also gained a foothold in the growing online commerce market in countries from the U.S. to Brazil.

The findings come as Chinese companies are accelerating their global expansion , amid slowing economic growth at home — and despite escalating U.S.-China trade tension

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