Shopee's Parent Company, Sea, Expanding Investments in Malaysia, Creating 2,000 Jobs

CNA2023-01-30

Singapore-based e-commerce giant Sea, the parent company of Shopee, has committed to expanding its investments in Malaysia, creating more than 2,000 jobs in the process.Shopee is the largest pan-...

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supre
2023-01-31
supre
I'm so grateful to Mrs Teresa Fuller for making me believe online trading. I never thought any of this was real and I was so scared of losing my money.now I benefit alot from Teresa Fuller Platform on Facebook
Deonc
2023-01-30
Deonc
Good

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This includes local sourcing, vendor development and the strengthening of the local industrial ecosystem, particularly in the digital space,\" said Tengku Zafrul.Tengku Zafrul's three-day investment mission to Singapore is in conjunction with Prime Minister Anwar Ibrahim’s first official visit to the country on Monday.During the visit, he will also have one-on-one business meetings with the Yondr Group, a global leader in data centres and INSEACT, a Singapore-based alternative protein company which specialises in producing sustainable insect protein for aquaculture.\"DIFFICULT 2022\"Sea's co-founder and group chief operating officer, Gang Ye said the decision was a significant development not just for the group, but also for the local digital ecosystem.“We are grateful for the MITI minister’s and his team’s support for our expansion plans and business strategies,” he said.Bloomberg previously reported that Sea founder Forrest Li announced in an internal memo that the company \"needs to focus on profitability after a difficult 2022\", adding that the economy in 2023 \"may prove to be even more challenging\" amid the ongoing war in Ukraine and rising inflation rates.As such, the company will halt salary increases for employees who have not been promoted, said Li, who added that the majority of the changes have been made.Sea has also laid off more than 7,000 employees - or about 10 per cent of its workforce - as of December last year.Staff cuts were also made at Garena in September 2022, including the shutting down some major projects to boost Sea's profitability.That same month, more Shopee employees were also laid off, with some of them having their job offers rescinded days before they began work.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9955979122,"gmtCreate":1675168958967,"gmtModify":1676538981288,"author":{"id":"4138270331761452","authorId":"4138270331761452","name":"supre","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4138270331761452","idStr":"4138270331761452"},"htmlText":"I'm so grateful to Mrs Teresa Fuller for making me believe online trading. I never thought any of this was real and I was so scared of losing my money.now I benefit alot from Teresa Fuller Platform on Facebook","listText":"I'm so grateful to Mrs Teresa Fuller for making me believe online trading. I never thought any of this was real and I was so scared of losing my money.now I benefit alot from Teresa Fuller Platform on Facebook","text":"I'm so grateful to Mrs Teresa Fuller for making me believe online trading. I never thought any of this was real and I was so scared of losing my money.now I benefit alot from Teresa Fuller Platform on Facebook","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955979122","repostId":2307260732,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9955014755,"gmtCreate":1675071800377,"gmtModify":1676538973991,"author":{"id":"3569316529855154","authorId":"3569316529855154","name":"Deonc","avatar":"https://static.tigerbbs.com/d9aa45dd2eb58357f6477dcfb99d1415","vip":1,"crmLevel":3,"crmLevelSwitch":1,"authorIdStr":"3569316529855154","idStr":"3569316529855154"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955014755","repostId":2307260732,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":39,"commentSize":2,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2307260732"}