News
Shopee spree continues with layoffs in China and Indonesia
Shopee is cutting jobs in China, Indonesia and elsewhere as Sea Ltd struggles to reassure investors it can achieve self-sufficiency within 18 months. Read more…
Shopee
News
Sea Ltd shuts down Shopee operations across Latin America
Sea Ltd’s e-commerce arm Shopee told employees it was shutting down local operations in Chile, Colombia, and Mexico and leaving Argentina entirely. Read more…
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Shopee rescinds job offers in the wake of Sea losses
Shopee has rescinded dozens of job offers in the past two weeks, shortly after parent company Sea Ltd reported widening losses and sharply slower revenue growth Read more…
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Sea is pulling Shopee from India as overseas expansion drive fizzles
Sea Ltd is withdrawing Shopee from India’s retail market just months after starting operations there, the second pullback this month. Read more…
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Tencent trims stake in Shopee owner Sea with $3 billion selloff
Tencent reduces its stake in Sea to 18.7% from 21.3%, but plans to retain the substantial majority of its stake for the long term. Read more…
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Sea adds mobility to Shopee app via Blue Bird taxi tie-up in Indonesia
Sea Ltd teams with with Blue Bird to launch a taxi ordering service in Indonesia, giving Shopee a mobility service to take on Grab and GoTo. Read more…
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Alibaba to grow Lazada amid intensifying SEA competition and scrutiny
Alibaba is set on growing its Southeast Asian e-commerce arm Lazada to rival Indonesia’s GoTo, Shopee, and MercadoLibre. Read more…
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Singapore’s Sea Limited reports mixed results for Q321, stocks down
Sea Limited shares fell 3.5% this week after releasing mixed earnings for the third quarter of 2021, as higher expenses offset earnings. Read more…
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Singapore’s Shopee app big hit in Brazil, now plans India launch
Shopee took just two years to become Brazil’s most downloaded shopping app, winning users with its game-changing, low-cost approach. Read more…