
Singapore-based Sea Ltd on Tuesday beat quarterly sales estimates and posted a smaller-than-expected quarterly loss, driven by strength in its core e-commerce as well as digital payments business.
13 published items with the word (s) or phrase Shopee in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
Singapore-based Sea Ltd on Tuesday beat quarterly sales estimates and posted a smaller-than-expected quarterly loss, driven by strength in its core e-commerce as well as digital payments business.
Chinese gaming and social media company Tencent Holdings Ltd has raised $3 billion by selling shares in Sea, which owns e-commerce firm Shopee, according to a term sheet seen by Reuters on Wednesday.
Sea Ltd's Shopee is preparing to launch in Poland and is currently recruiting sellers, two company sources with knowledge of the matter told Reuters.
Singapore-headquartered Sea Ltd's Shopee has launched a recruitment campaign for vendors to sell on what it called "Shopee India" and is ramping up hiring in the country, according to Youtube videos and job postings.
In the 2020 annual review of “notorious markets for counterfeiting,” the US administration cited Amazon’s European portals alongside Chinese and other foreign marketplaces said to be teeming with fake products.
Lazada, the Southeast Asian arm of Chinese e-commerce firm Alibaba Group Holding , said on Friday it would replace its chief executive officer, as it battles for dominance in the fast-growing market.
At Alibaba's Lazada, staff are furious over demands they submit health reports daily and other coronavirus-prevention steps seen as too invasive, highlighting a long-running culture clash with management from China.
Amazon.com has launched a bigger local store and marketplace in Singapore, expanding its product selection and intensifying competition with rivals such as Alibaba Group Holding Ltd’s Lazada and Sea Ltd’s Shopee.
Top Thai retailer Central Group, owned by the billionaire Chirathivat family, said on Wednesday it would list its unit Central Retail Corp, combining retail businesses in Thailand, Vietnam and Italy.
Thailand is witnessing a boom in social media commerce, where entrepreneurs sell products directly to customers via Facebook, Instagram and messaging apps like Japan’s Line Corp.