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Sea reached record high in pre-market trading

Tiger Newspress2021-09-07

(Sept 7) Sea reached record high in pre-market trading Tuesday.

Sea Ltd's Shopee is preparing to launch in Poland and is currently recruiting sellers, two company sources with knowledge of the matter told Reuters.

The move will be the first expansion into European e-commerce for the $190 billion Singapore-headquartered technology group, whose gaming arm Garena is already active in the region.

Shopee is simultaneously preparing to launch in India, Reuters reported last week, after aggressively expanding in Latin America since earlier this year.

One of the sources told Reuters that Shopee is cautiously scaling up its global expansion by testing out possible new markets.

The two sources, who requested anonymity because they were not authorised to speak to media, said Shopee will also launch in Argentina in the coming months.

The firm is already the dominant player in e-commerce in Southeast Asia, according to market researchers, bringing in $1.2 billion globally in revenue for the quarter ending June 30.

Polish news website Wiadomoscihandlowe.pl first reported the Shopee expansion into Poland. Sea did not immediately answer a Reuters request for comment.

Market research firm Euromonitor estimates the Polish e-commerce market to be worth 16 billion euros ($19 billion), with significant room for growth compared to Western countries.

Amazon launched its local website this year, while the biggest home e-commerce firm Allegro is ramping up installation of its own parcel lockers.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • JCKL488
    ·2021-09-07
    With such a valuation for SEA, I’m really looking forward to Grab’s listing via AGC
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    • JCKL488
      ?
      2021-09-07
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    • JaneJ
      Same here!
      2021-09-07
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  • CCCH
    ·2021-09-07
    It may goes up to $500
    Reply
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  • Shlee
    ·2021-09-07
    Nice
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  • 85粒小萍果
    ·2021-09-07
    Richest man in Singapore?
    Reply
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    • Fenixa
      Yes, Forrest Li is.
      2021-09-08
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  • Hkh
    ·2021-09-07
    Wow
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  • Bibop
    ·2021-09-07
    Keep up the good work. 
    Reply
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  • YNWA_666
    ·2021-09-07
    ?
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  • TK360
    ·2021-09-07
    Nice 
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  • CW8
    ·2021-09-07
    Ok
    Reply
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    • Foxie
      Good
      2021-09-07
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  • angliz
    ·2021-09-07
    Wow
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  • PS153
    ·2021-09-07
    Good vision.Please comment n like.  thanks
    Reply
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  • Robinshk
    ·2021-09-07
    Help like it. Thanks 
    Reply
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  • lilykoh
    ·2021-09-07
    Great
    Reply
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  • Chris68
    ·2021-09-07
    Good to know that Sea limited was owned by the billionaire in Singapore!
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    • missreenaa
      Yay SG ??
      2021-09-07
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    • Etet1985
      yes
      2021-09-07
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    • AndrewL
      ?
      2021-09-07
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  • Eaglewings
    ·2021-09-07
    Much more room to soar…
    Reply
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  • JellybeAn
    ·2021-09-07
    Sea is growing
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    • Chris68
      Yup
      2021-09-07
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  • Kenk
    ·2021-09-07
    who’s that guy that shorted this share? haha
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  • Deonc
    ·2021-09-07
    Great. Please like and comment 
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    • Deonc
      thanks
      2021-09-08
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    • Huathk
      Gd
      2021-09-08
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