The Latest Breaking News from Shopee

Buy now, pay later services take off in Southeast Asian country where most people don’t have a bank account.

A difference in culture and working styles is causing a rift between Central Group and Chinese internet giant JD.com regarding their e-marketplace joint venture JD Central, according to a source familiar with the two companies.

Sea Limited's (NYSE:SE) e-commerce arm Shopee laid off staff across multiple markets, DealStreetAsia reports. The layoffs to rationalize its e-commerce business encompassed several Southeast Asian markets, including Indonesia, Thailand, and Vietnam.  Shopee's payments arm ShopeePay and food delivery business ShopeeFood also faced cuts.  The competitor of the Alibaba Group Holding Limited (NYSE:BABA) hosted a general…

Sea Ltd is making its first major job cuts in areas spanning shopping and food, joining other tech firms downsizing this year in anticipation of unprecedented market and economic volatility.

Marred by intense competition and several promotional campaigns, the three major e-commerce operators in Thailand have racked up a combined 39 billion baht in operational losses over the past seven years, according to Creden Data, a data analytics service provider.

Alibaba Group Holding Limited (NYSE:BABA) replaced Lazada Group CEO Chun Li with the head of its Thailand business, signifying brewing competition in Southeast Asia, Bloomberg reports. Lazada's new leader James Dong was also a one-time business assistant to Alibaba CEO Daniel Zhang before joining Lazada as its CEO for Thailand in 2018. In…

‘Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, recently took its ‘6.6 Greatest Brand Celebration’ as an opportunity to launch “Shopee International Platform”, or SIP, a special program putting into practice its commitment to help Thai businesses take advantage of the borderless digital economy to develop and grow.

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…

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.