Shopee to close Indian operations

An article by Sophie Baqué

Publication

29 March 2022 à 12h43

Updated on 26 May 2023 à 12h00

Reading time

2 minutes

Publication: 29 March 2022 à 12h43, Updated on 26 May 2023 à 12h00

Reading time: 2 minutes

An article by Sophie Baqué

Publication

29 March 2022 à 12h43

Updated on 26 May 2023 à 12h00

Reading time

2 minutes

Publication: 29 March 2022 à 12h43, Updated on 26 May 2023 à 12h00

Reading time: 2 minutes

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Amid a backdrop of global uncertainties, the Singaporean Sea Group (turnover of US$10 billion in 2021, with 51% from e-commerce and 43% from gaming) closed Shopee India, its e-commerce site at the end of March 2022.

The Chinese conglomerate Tencent had a 19%-stake in the company. This decision comes during a launch phase, as Shopee opened a social commerce platform in India September 2021. In this highly competitive e-commerce market, with Amazon and Walmart (Flipkart) driving sales, Shopee...

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