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Shopee was established in Singapore in February 2015 as a mobile-focused marketplace that enables users to browse, shop, and sell products. [10] The platform integrates logistical and payment support to facilitate transactions and is designed to operate with minimal physical assets.
Shopee was first launched in Singapore in 2015, and has grown to become the largest e-commerce platform in Southeast Asia and Taiwan. [26] The company also serves consumers and sellers throughout Southeast Asia (Singapore, Malaysia, Thailand, Philippines, Vietnam, Indonesia), Taiwan, and Brazil. [27] [28]
Today, ShopBack averages an order every 2 seconds, with an annualised sales figure of over US$500 million and 5 million users in early 2018. [ 16 ] In April 2019, ShopBack announced that it has closed a US$45 million round led by new investors Rakuten Capital and EV Growth, bringing their total funding to US$85 million.
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(Reuters) -South East Asian technology firm Sea Ltd beat third-quarter revenue estimates on Tuesday and said its e-commerce business, Shopee, turned profitable, sending its shares up more than 17% ...
Analysts have said Shopee benefited from an early start of Ramadan in the quarter, while Sea's digital business gained from the popularity of online multi-player game Free Fire. Sea's total ...
An online shop evokes the physical analogy of buying products or services at a regular "brick-and-mortar" retailer or shopping center; the process is called business-to-consumer (B2C) online shopping. When an online store is set up to enable businesses to buy from another businesses, the process is called business-to-business (B2B) online ...
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