Shopee’s headquarters in Singapore. Shopee.
Sea Ltd’s Shopee is getting ready to launch in Poland and is at present recruiting sellers, two firm sources with information of the matter instructed Reuters.
The transfer would be the first growth into European e-commerce for the $190 billion Singapore-headquartered know-how group, whose gaming arm Garena is already lively within the area.
Shopee is concurrently getting ready to launch in India, Reuters reported final week, after aggressively increasing in Latin America since earlier this yr.
One of many sources instructed Reuters that Shopee is cautiously scaling up its international growth by testing out doable new markets.
The 2 sources, who requested anonymity as a result of they weren’t authorised to talk to media, mentioned Shopee may even launch in Argentina within the coming months.
The agency is already the dominant player in e-commerce in Southeast Asia, in line with market researchers, bringing in $1.2 billion globally in income for the quarter ending June 30.
Polish news web site Wiadomoscihandlowe.pl first reported the Shopee growth into Poland. Sea didn’t instantly reply a Reuters request for remark.
Market analysis agency Euromonitor estimates the Polish e-commerce market to be price €16 billion ($19 billion), with vital room for development in comparison with Western nations.
Amazon launched its native web site this yr, whereas the most important dwelling e-commerce agency Allegro is ramping up set up of its personal parcel lockers.
Reporting by Fanny Potkin; Enhancing by Martin Petty
https://www.businessoffashion.com/news/global-markets/sources-singaporean-e-commerce-giant-shopee-to-debut-in-europe-with-poland-launch | Sources: Singaporean E-Commerce Large Shopee to Debut in Europe With Poland Launch