Southeast Asian e-commerce giant acknowledges making ‘adjustments to transform our workforce,’ without disclosing the number of personnel involved

Rapidly growing market holds great potential, but the ByteDance unit faces competition from homegrown rivals backed by Tencent and Alibaba

With the latest investment, Alibaba has put $1.6 billion into the Southeast Asian e-commerce giant this year

E-commerce giant sees untapped growth potential in region’s online shopping market

Some sellers frustrated after performance of company’s earlier export platform disappoints