What Is Garena’S Relationship With Airpay And Shopee?
“Garena is a brand that is liked across our game ecosystem, our Shopee brand has become synonymous with e-commerce in our region, and AirPay is simply becoming a frontrunner in electronic economic amenities,” said Sea Founder, Chairman, and Group CEO Forrest Li.
“Garena is a brand that is beloved across our game ecosystem, our Shopee brand has become synonymous with e-commerce in our region, and AirPay is quickly becoming a leader in digital financial services,” said Sea Founder, Chairman, and Group CEO Forrest Li.
Is Sea’s shopeepay the biggest fintech platform in Indonesia?
In 2019, Ovo, an e-wallet company that partners with Grab, and GoPay, GoTo’s fintech platform, were the clear leaders in Indonesia, the region’s largest market. Yet three hundred and sixty five days later, Sea’s ShopeePay had more users than either of them, in accordance with a study by Ipsos.
What does Shopee shutdown mean for India?
Shopee had about 300 personnel and 20,000 local sellers in India in December. Nathan Naidu, an analyst at Bloomberg Intelligence in Hong Kong, said the India shutdown will let Sea shift advertising and analysis spending toward Latin America and alleviate challenges brought on by tensions among India and China.
Why did Sea shut down Shopee in India?
Singapore’s giant Sea said on Monday it is shutting down its e-trade company, Shopee, in India, months after the firm began attractive with dealers in the country. The move follows India’s resolution to ban Sea’s everyday title “Free Fire” in the country last month. This is a developing story.
What is Shopee India?
The local unit, Shopee India, recruited local dealers and introduced a buying groceries online page and app. India’s fast-growing e-commerce market was already dominated by such players as Amazon.com and Walmart’s Flipkart.
Is Sea Ltd’s Shopee planning to cut jobs in Indonesia?
Sea Ltd’s Shopee also is making plans to cut jobs in two of the three globally worst-performing areas (food and finance), as ShopeePay and ShopeeFood employees in Indonesia, Thailand and Vietnam were named likely casualties in a story broken by DealStreetAsia the day gone by.
Is Shopee laying off staff in Southeast Asia?
"Shopee’s bills arm ShopeePay and food beginning business ShopeeFood are also said to be facing cuts," the report noted. Singapore/New Delhi: Sea Group’s e-commerce arm Shopee, which shut its India operations in March, is laying off staff across Southeast Asia, including Indonesia, Thailand and Vietnam, media reports said on Tuesday.
Did shopeepay and shopeefood get hit by layoffs?
ShopeePay and ShopeeFood — its payment and food birth agencies, respectively — are not spared from layoffs. In Thailand, two sources found out that half of the teams in the aforementioned businesses are littered with the job cuts.
Is Shopee going out of business?
Shopee set for mass layoffs The resolution was introduced to Shopee employees in advance today in a global town hall meeting led by an executive from its parent agency Sea. The choice was announced to Shopee employees earlier today in a world town hall meeting led by an government from its parent company Sea.
Is Sea Limited’s share price worth buying?
Sea Limited: Will Shopee ever be profitable? Sea Limited’s stock price has been on an outstanding run in the past year. With the replenish 442% since the 52 week-low recorded on 20 March 2020, Sea’s shareholders are truly one of the crucial largest gainers from the pandemic.
Will SE stock go up?
The 31 analysts providing 12-month price forecasts for Sea Ltd have an average target of 110.00, with a high estimate of 170.00 and a low estimate of 60.00. The median estimate represents a +76.45% increase from the last price of 62.34.
Is Sea Ltd listed on SGX?
Who owns Seasea’s stock?
SEA’s stock is owned by many different institutional and retail investors. Top institutional traders come with Baillie Gifford & Co. (3.03%), Sumitomo Mitsui Trust Holdings Inc. (0.54%), TD Asset Management Inc. (0.39%), Nikko Asset Management Americas Inc. (0.36%), abrdn plc (0.28%) and Manning & Napier Group LLC (0.19%).
Is Shopee on the stock market?
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Summary.
Current Price: | $62.34 |
52w High/Low: | $54.06 – 372.7 |
Market Cap: | 31.5B |
Price/Earnings: | -12.52 |
Dividend Yield: | – |
Is Sea a public company?
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Sea Ltd.
Type | Public |
Headquarters | 1 Fusionopolis Place, #17-10, Galaxis, Singapore 138522 |
Area served | Worldwide |
Key people | Forrest Li (Founder & CEO) Gang Ye (Director & COO) |
Products | E-commerce Entertainment Retail |
What’s going on with Shopee?
Shopee’s six-storey headquarters in Singapore. Sea Limited, owner of Southeast Asia’s biggest e-commerce platform Shopee, recorded wider losses amid a myriad of market demanding situations. Its stock has slumped as Tencent Holdings sold, while big guns like Temasek Holdings to Bridgewater Associates jumped in.
What is Shopee’s live?
The group will introduce products at once via ‘Shopee’s Live’ and hold an exclusive online fan assembly to actively attract local K-pop fans as customers. Shopee’s parent company, Sea Group, filed for an preliminary public offering on the New York Stock Exchange (NYSE) in October 2017 for US$1 billion.
What is Shopee Sea?
What does SEA group do?
What does Shopee mean?
Shopee Pte. Ltd. ( Shopee) is a Singaporean multinational era agency which focuses mainly on e-commerce. Headquartered under Sea Ltd, Shopee was first launched in Singapore in 2015, and later improved its reach abroad.
