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

Shopee is also turning profitable in Malaysia

Kenneth Ho

18 Aug, 2021

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

Senior Analyst, Product


Petaling Jaya, Singapore

Full Time

Salary Undisclosed

Strategy and Growth Lead


Jakarta, Indonesia

Full Time

Salary Undisclosed

3D Creative Designer


Singapore , Singapore

Full Time

USD 4000 — USD 7000 monthly

Business Development Manager


Kuala Lumpur, Malaysia

Full Time

MYR 10000 — MYR 30000 monthly

Business Development Intern


Damansara Uptown, Malaysia


MYR 400 — MYR 500 monthly

HR Consultant/Recruiter

Fortune Cookie Wisdom Pte Ltd

Remote, Singapore

Contract / Freelance

Salary Undisclosed

Business Development Manager


Kuala Lumpur, Malaysia

Full Time

Salary Undisclosed

Online English Teacher


Remote, United Kingdom

Contract / Freelance

Salary Undisclosed

UI/UX Designer

Soft Space

Kuala Lumpur, Malaysia

Full Time

Salary Undisclosed

Finance Associate, OTC


Petaling Jaya, Malaysia

Full Time

MYR 4000 — MYR 8000 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 - 2022 BEAMSTART. All Rights Reserved (Legal).