Shopee to focus on growing market share in Southeast Asia to maintain lead

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 71%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Shopee to focus on growing market share in Southeast Asia to maintain lead. YahooFinance

SINGAPORE— Homegrown e-commerce firm Shopee will focus on growing its market share in Southeast Asia where the number of online shoppers is forecast to increase at an exponential rate, according to Zhou Junjie, Chief Commercial Officer.

Shopee claimed it is the leading e-commerce platform in these markets, with over 200 million downloads of its app and over 7 million active sellers as of 30 June. The company has over 10,000 brands and retail partners on the Shopee Mall. In order to grow its seven markets, Shopee recognised that a one-size-fits-all strategy wouldn’t work as each market is different in terms of language, user behaviour, purchasing power, logistics and payment infrastructure. Hence, Shopee runs different apps that cater to each of the markets.

In May 2018, Shopee launched its first Super Brand Day in Indonesia in partnership with P&G. Since then, it has organised 70 Super Brand Days around the region .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Money FM Podcast: Challenges faced by Jetstar Asia in the increasingly crowded low cost carrier market. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »