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The company first focused on game publishing. [8] Over the years, Li's company diversified its business to include e-commerce and digital financial services. [9] In 2015, Garena launched Shopee, an e-commerce platform that grew to become one of the leading online shopping service providers in Southeast Asia. [10]
Shopee Pte. Ltd., trading as Shopee, is a Singaporean multinational technology company that specializes in e-commerce. It operates as a subsidiary of Sea Limited . Shopee was founded in 2015 in Singapore , and subsequently expanded its operations to other countries.
Lazada Group (Chinese: 來贊達; t/a Lazada) is an international e-commerce company and one of the largest e-commerce operators in Southeast Asia, with over 10,000 third-party sellers as of November 2014, and 50 million annual active buyers as of September 2019. [3] [4] [5] [needs update]
The segment, which makes up more than two-thirds of the company's total business, reported an adjusted core profit of $34.4 million in the quarter ended Sept. 30, compared with a loss of $346.5 ...
E-commerce revenue, which makes up about two-thirds of the company's total, grew 34% to $2.8 billion, surpassing market expectations of $2.68 billion, according to LSEG.
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 ...
Mercado Libre operates under five main business units. MarketPlace is its platform for users to sell products, Mercado Pago is its payment platform for online sales, [5] Mercado Publicado is the advertising portion of Mercado Libre, Mercado Shops is a tool designed to enhance the platform's overall ecosystem, [35] and Mercado Crédito is the company's credit line.
It owns and operates a diverse portfolio of companies around the world in numerous business sectors. On 19 September 2014, Alibaba's initial public offering (IPO) on the New York Stock Exchange raised US$25 billion, giving the company a market value of US$231 billion and, by far, then the largest IPO in world history. [ 8 ]