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'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.
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.
Become a BEAMSTART Community Member today and enjoy the following:
Sign In / Become a Member
Petaling Jaya, Singapore
Singapore , Singapore
USD 4000 — USD 7000 monthly
Kuala Lumpur, Malaysia
MYR 10000 — MYR 30000 monthly
Damansara Uptown, Malaysia
MYR 400 — MYR 500 monthly
Fortune Cookie Wisdom Pte Ltd
Contract / Freelance
Remote, United Kingdom
Petaling Jaya, Malaysia
MYR 4000 — MYR 8000 monthly
Director of BEAMSTART
Based in Selangor / Malaysia
Works at BEAMSTART
Monash University Alumni
Shopee is the leading eCommerce platform in Greater Southeast Asia.
Hiring, Exploring Partnerships, Investing, Offering Services, Offering Sponsorships
Malaysia's MDEC CEO, Surina Shukri, is stepping down after 2 year...
Xiaomi just released a new robot dog (CyberDog), which has a 'pet...
Lazada and Kwik.insure collaborates to give free COVID-19 insurance fo...
Taiwan's AppWorks to support more startups in SEA with fresh $150...
Meet the industry leaders who will be speaking on 'Tech for Good&...
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.
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: