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Shopee Pte. Ltd., under the trade name Shopee, is a Singaporean multinational technology company specialising in e-commerce. It is a subsidiary company of Sea Limited. It was launched in 2015 in Singapore, before its global expansion.
Regarded as Sea's payments arm, its offerings include mobile wallet services, payment processing, credit offerings, and related digital financial products and services. These are available in seven markets across Southeast Asia and Taiwan under various brands, including ShopeePay, SPayLater, and other brands. [14]
Often, Lazada is compared to companies in Southeast Asia with a similar e-commerce platform, such as Shopee, Tokopedia, and Bukalapak.
Asian e-commerce companies like Temu, Shein, and Shopee may pose a greater threat to MercadoLibre than Amazon ever did, with their gamified shopping and low-priced inventory.
In the recently completed quarter, all three segments grew with improved profitability. Shopee e-commerce grew 32.9%, and digital financial services grew 21%.
Freya gained more popularity, notably on TikTok, after the viral video memes of her live broadcast on the SHOWROOM app. Also, her popularity extends to fashion styles, and e-commerce sectors, such as at the Shopee Live event, Freya, in collaboration with Zee or Christy, successfully created an uproar throughout Indonesia.
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All data in the table is taken from the Fortune Global 500 list of technology sector companies for 2023 [2] unless otherwise specified. As of 2023, Fortune lists Amazon (revenue of $513.98 billion), Jingdong ($155.53 billion), and Alibaba ($126.81 billion) in the retailing sector rather than the technology sector. [3]
Naver Corporation. The Naver Corporation ( Korean : 네이버 주식회사) is a South Korean internet conglomerate headquartered in Seongnam that operates the search engine Naver. Naver established itself as an early pioneer in the use of user-generated content through the creation of the online Q&A platform Knowledge iN .