Shopee's revenue grew 160% in Q2; generating $1.2 billion

Shopee is also turning profitable in Malaysia

Shopee's revenue grew 160% in Q2; generating $1.2 billion | BEAMSTART News

Shopee, one of Southeast Asia's largest online marketplaces, has grown significantly over the past year.

The company posted a 160.7% year-on-year revenue growth, amounting to $1.2 billion for Q2 2021.

Shopee Food is expected to arrive in Malaysia later this year.

Shopee turning profitable in Malaysia

Shopee's Malaysian business is also slowly turning profitable, achieving EBITDA positive for the quarter.

Malaysia marks Shopee's second market to turn profitable after Taiwan, with plans to introduce food delivery services later this year.

Shopee founder, Forest Li.

Shopee's growth on an upward trajectory

At the rate the Shopee is growing, the company is expected to generate an estimated $4.7 billion to $4.9 billion for the year.

This would be a 121.5% growth from 2020.

Latest Jobs

Quality Assurance Lead



Full Time

Salary Undisclosed

Content Writer (Esports / Gaming)


Petaling Jaya, Malaysia


MYR 400 — MYR 600 monthly

News Editor

British Broadcasting Corporation

Hong Kong, Hong Kong (香港)

Full Time

Salary Undisclosed

Full Stack Developer - Financing Domain

OnDemand Agility


Full Time

SGD 4050 — SGD 4300 monthly

EA Personnel (Work Pass)

Trinity Employment


Full Time

SGD 2000 — SGD 3500 monthly

Senior Events Manager/ Director

Thomson Reuters

Singapore , Singapore

Full Time

USD 17000 — USD 25000 monthly

Digital Marketing Intern

Undrcut Digital Marketing



SGD 1000 — SGD 1500 monthly

Influencer Marketing Associate


Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer


Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital


Full Time

SGD 2500 — SGD 5000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.


Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).