FILE PHOTO: A signage of Shopee, the e-commerce arm of Sea Ltd, is pictured at its office in Singapore, March 5, 2021. REUTERS/Edgar Su
September 7, 2021
By Fanny Potkin
SINGAPORE (Reuters) – Sea Ltd’s Shopee is preparing to launch in Poland and is currently recruiting sellers, two company sources with knowledge of the matter told Reuters.
The move will be the first expansion into European e-commerce for the $190 billion Singapore-headquartered technology group, whose gaming arm Garena is already active in the region.
Shopee is simultaneously preparing to launch in India, Reuters reported last week, after aggressively expanding in Latin America since earlier this year.
One of the sources told Reuters that Shopee is cautiously scaling up its global expansion by testing out possible new markets.
The two sources, who requested anonymity because they were not authorised to speak to media, said Shopee will also launch in Argentina in the coming months.
The firm is already the dominant player in e-commerce in Southeast Asia, according to market researchers, bringing in $1.2 billion globally in revenue for the quarter ending June 30.
Sea did not immediately answer a Reuters request for comment.
Polish news website Wiadomoscihandlowe.pl first reported the expansion into Poland.
(Reporting by Fanny Potkin; Editing by Martin Petty)
Source: One America News Network
