Shopee parent company listed on New York Stock Exchange

October 24, 2017 | 22:16
Yesterday Shopee’s parent company, Sea Limited (Sea), announced its initial public offering and listing of its American depositary shares on the New York Stock Exchange.
Sea announced information relating to its IPO on the New York Stock Exchange

As the first internet business of scale from Greater Southeast Asia to become listed on the New York Stock Exchange, this is a significant milestone for Sea and its businesses, including Shopee.

“The listing day is a big day for Sea Group, including Shopee as well as Garena and AirPay. As we embark on this new journey, we are excited about the opportunities it will present for our business, employees, and most importantly, our customers,” said Chris Feng, CEO of Shopee.

“Our home market is an exciting region, with one of the largest millennial population in the world, and GDP growing over twice as fast as in the US. Internet and smartphone penetration is still low compared to the US and China, and we are confident in its continued growth and the tremendous potential this presents across our seven markets, namely Indonesia, Vietnam, Thailand, the Philippines, Taiwan, Malaysia, and Singapore,” Feng added.

Since Shopee’s inception in 2015, it has been working to empower local entrepreneurs and serve local consumers. For example, ShopeeVietnam’s nationwide free shipping service provides cost-savings to consumers, while the recently launched Shopee Mall, a premium online shopping portal, caters to the increasingly sophisticated demands of Vietnamese shoppers. Besides, the seller-driven initiatives, such as Shopee University, serve to help local entrepreneurs and businesses succeed in an increasingly competitive online shopping environment.

The combination of strong home-court advantage, a deep understanding of our markets, and its on-the-ground local presence has enabled the company to identify and cater to their needs—which is reflected in the success of attracting 1.6 million active seller partners, plus another 1,700 brands and larger retailers to its platform.

Shopee is the leading e-commerce platform in Southeast Asia and Taiwan. It is a platform tailored for the region, providing customers with an easy, secure, and fast online shopping experience through strong payment and logistics support.

Shopee aims to continually enhance its platform and become the region’s e-commerce destination of choice. It has a wide selection of product categories ranging from consumer electronics to home & living, health & beauty, baby & toys, fashion, and fitness equipment.

Shopee was first launched in Singapore in 2015, and has since expanded its reach to Malaysia, Thailand, Taiwan, Indonesia, Vietnam, and the Philippines.

Thousands of products started from just VND9,000 at Shopee’s 9/9 Campaign
Thousands of products started from just VND9,000 at Shopee’s 9/9 Campaign

Shopee aims to become the one-stop platform for Vietnamese online shoppers and sellers alike. To facilitate this goal, Shopee will launch mind-blowing hourly flash sales known as 99 Online Shopping Day on September 9. Pine Kyaw, managing director of Shopee Vietnam, shared with VIR’s Thanh Van how the e-commerce platform expands its reach among Vietnamese online shoppers.

Shopee aims to expand its footprint in Vietnam's e-commerce market
Shopee aims to expand its footprint in Vietnam's e-commerce market

Singapore-based e-commerce platform Shopee has celebrated its first year of operations in Vietnam last week. Tran Tuan Anh, managing director of Shopee Vietnam, shared with VIR’s Thanh Van his insights into the market and how the company contributes to the fast-growing e-commerce scene in Vietnam.

Players continue to come and go in Vietnam’s ecommerce
Players continue to come and go in Vietnam’s ecommerce

As soon as Deca.vn and Lingo.vn closed, Shopee.vn and aeoneshop.com were launched. There is no lack of vibrancy in Vietnam's e-commerce arena.

By By Ha Vy

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