Chinese companies have begun to dominate Southeast Asia's online shopping market

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 tensions.