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The Latest Breaking News from Shopee

Alibaba's Overseas Growth Push Gets Critical To Beat Domestic Slowdown

Alibaba Group Holding Limited's (NYSE:BABA) hunt for overseas growth is critical to offset sluggish demand at home by expanding in Europe through its Southeast Asian offshoot, Lazada, Reuters reports. Lazada plans to target local European vendors, while Alibaba's existing global platform, AliExpress, will continue to focus mainly on cross-border sales from China. However, the…

Benzinga

Alibaba looks to expand SE Asian arm Lazada to Europe: sources

SINGAPORE/SHANGHAI: Alibaba Group plans to expand its Southeast Asian arm, Lazada, to Europe, two sources familiar with the matter told Reuters, as the Chinese e-commerce company seeks further overseas growth amid slowing opportunities at home.

Bangkok Post

Sea Limited Shutting Down E-Commerce Arm In India

SE stock dropped Monday as it announced plans to pull the company's e-commerce business out of India, six months after its launch there.

Investors Business Daily

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Sea e-commerce arm Shopee to shut down India operations

SINGAPORE: Singapore-based e-commerce and gaming firm Sea Ltd said on Monday it is withdrawing from India's retail market just months after beginning operations there, citing "global market uncertainties".

Bangkok Post

Shopee upbeat on e-commerce

Shopee, an e-commerce platform in Southeast Asia and Taiwan, is forecasting growth in Thailand's e-commerce market based on an expansion in the user base and intense marketing and promotions to help boost purchasing power amid a sluggish economy.

Bangkok Post

Tencent-Backed Sea Faces Yet Another International Market Setback

Tencent Holdings Ltd (OTC: TCEHY) backed Sea Ltd's (NYSE: SE) Shopee shut shop in France, retreating from a significant market months after launching its maiden foray into Europe, Bloomberg reports.

Benzinga

India adds 54 more Chinese apps to ban list; Sea says it complies with laws

India has blocked access to 54 mobile apps, mainly Chinese but also including Singapore-based Sea Ltd's "Free Fire" mobile game, over security concerns, government sources said on Tuesday.

Reuters

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