Shopee

Bringing you the latest news briefs on fundraising activities in the Asia Pacific.

Sea Group faced an unexpected setback, witnessing a 22% drop in its New York-listed shares, following the announcement of an intensified focus on its e-commerce business, particularly Shopee.

Shopee risks going back to its old ways as new competitors besiege the Southeast Asian e-commerce market.

The company’s stock falls more than 28% in New York as company warns of an impact on its bottom line.

Facing a multitude of challenges, Southeast Asia’s largest online marketplace is refreshing its approach to reverse its stagnant revenue growth.

Against a backdrop of macroeconomic uncertainty, the e-commerce giant is taking drastic measures to cut losses.

Shopee and Traveloka have ventured into food delivery and on-demand transportation, while AirAsia plans to launch an array of services in Indonesia soon.

In 2021, the e-commerce firm expanded its operations to Latin America, Europe, India, and South Korea.