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The Latest Breaking News from Shopee

Guru Weekly's Buzz for Feb 10-16

Guru By Bangkok Post's pick of the most exciting products, activities, art exhibitions, shows, food and hotel deals.

Bangkok Post

JD Central to end Thai operations on March 3

E-marketplace JD Central announced it will end its operations in Thailand on March 3, bringing down the curtain on its six years of operating an e-commerce business in the country.

Bangkok Post

Buy now, pay later lures apps and e-marketplaces

Super apps and e-marketplaces are making a foray into buy now, pay later (BNPL) services in Thailand to stimulate consumption amid economic headwinds and stagnant inflation.

Bangkok Post

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First Choice loan products target freelancers, youth

First Choice, a personal loan service provider developed by Ayudhya Capital Services Co, has unveiled two new digital loan products, one of which focuses on freelancers.

Bangkok Post

Shift from promotions to profit

After a decade of fierce battle in the e-commerce industry, offering huge promotions, subsidies and discount campaigns, the competition is expected to cool down as operators focus on profit and sustainable growth instead of burning cash to attract users.

Bangkok Post

Shopee to cut jobs in Thailand amid economic challenges

E-marketplace company Shopee is pursuing fresh job cuts in Thailand, albeit a low single-digit reduction of its headcount in the country, as part of its efforts to attain profitability and weather economic challenges.

Bangkok Post

Shopee inks pact to help empower SMEs

The Commerce Ministry's International Trade Promotion Department on Monday signed a Memorandum of Understanding (MoU) with Shopee, an e-commerce platform, to empower small and medium-sized enterprises (SMEs) to showcase their quality products and sell their products online.

Bangkok Post

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Online retail giants ramp up promotional campaigns

The battle between e-marketplaces Lazada and Shopee is heating up as they both launch new marketing campaigns to attract spending from online shoppers and capitalise on the growing sector.

Bangkok Post

Lazada ready for push into Europe

Lazada is preparing to make its first foray into Europe, building on the success of the Alibaba-owned e-commerce platform in Southeast Asia, as it seeks to take on rivals such as Amazon.com and Zalando.

Bangkok Post

Sea celebrates a decade of growth

Thailand's digital economy has been scaling up over the past decade thanks to the power of various internet firms and one of the key players is Sea (Thailand), the local unit of the Nasdaq-listed firm Sea, which is behind e-commerce powerhouse Shopee.

Bangkok Post

2 Warren Buffet Stocks You'll Wish You Bought Sooner

Warren Buffett’s long-term value investing strategy serves as a guide for several investors amid uncertain market conditions. Thus, we think it could be wise to scoop up shares of fundamentally sound Warren Buffett holdings, The Procter & Gamble (PG), and Johnson (JNJ). Continue Reading….

StockNews.com

5 Stocks You'll Want in Your Corner if a Recession Hits

Growing fears over a potential recession due to high inflation and the Federal Reserve’s aggressive interest rate hikes should keep the stock market highly volatile in the upcoming months. However, investors could consider buying relatively stable and dividend-paying stocks Procter & Gamble (PG), AbbVie (ABBV), Abbott (ABT), Caterpillar (CAT), and…

StockNews.com

3 Safe Dividend Stocks to Buy in the Second Half of 2022

The market outlook seems dismal ahead of the Fed’s anticipated July rate hike announcement. Amid rising recession fears, more investors prefer dividend stocks for stable income assurance. Moreover, with dividend payouts slated to increase, we think it could be wise to invest in quality dividend stocks Nucor (NUE), The Procter…

StockNews.com

Sea to back cross-border e-commerce

Sea (Thailand), the local operating unit of Nasdaq-listed internet giant Sea, is gearing up to support cross-border e-commerce for Thai enterprises and seeking a licence to serve as a digital bank in the country as part of its move to thrive in the Thai market.

Bangkok Post

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Bangkok Post

Citi, ShopeePay team for top-up service

Citi Thailand has partnered with ShopeePay to launch a quick transfer service on the platform for convenient and secure payments.

Al Jazeera

In Indonesia, ‘pay later’ services leave some drowning in debt

Buy now, pay later services take off in Southeast Asian country where most people don’t have a bank account.

Bangkok Post

JD, Central rift could herald end of tie-up

A difference in culture and working styles is causing a rift between Central Group and Chinese internet giant JD.com regarding their e-marketplace joint venture JD Central, according to a source familiar with the two companies.

Bangkok Post

Reopening to see Thai employment rate rocket this year

The country's reopening and a push for economic recovery is expected to generate double-digit growth in the country's employment rate this year, according to job search platform JobsDB.

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Bangkok Post

Tech disrupted by reality

When Covid-19 emerged more than two years ago, millions of people including myself suddenly found ourselves stuck at home. To survive the unprecedented challenges and stress, I started to befriend mobile apps I hadn't used before to buy things and pay bills online, among them the e-commerce platform Shopee.

Bangkok Post

Shopee opts to reduce its headcount

E-marketplace Shopee is pursuing layoffs across markets in Asean, including Thailand, according to industry sources, as the company is believed to have become more cautious about spending and more focused on attaining profitability rather than burning cash.

Benzinga

Morning Brief: Top Financial Stories Dominating on Tuesday, June 14

CNBC

Benzinga

This Alibaba Competitor Undertakes Aggressive Job Cuts Across Multiple Southeast Asian Markets

Sea Limited's (NYSE:SE) e-commerce arm Shopee laid off staff across multiple markets, DealStreetAsia reports. The layoffs to rationalize its e-commerce business encompassed several Southeast Asian markets, including Indonesia, Thailand, and Vietnam. Shopee's payments arm ShopeePay and food delivery business ShopeeFood also faced cuts. The competitor of the Alibaba Group Holding Limited (NYSE:BABA) hosted a general…

Bangkok Post

Shopee owner Sea Ltd cuts jobs in shopping, food

Sea Ltd is making its first major job cuts in areas spanning shopping and food, joining other tech firms downsizing this year in anticipation of unprecedented market and economic volatility.

Bangkok Post

Lazada, Shopee, JD Central rack up losses to gain users

Marred by intense competition and several promotional campaigns, the three major e-commerce operators in Thailand have racked up a combined 39 billion baht in operational losses over the past seven years, according to Creden Data, a data analytics service provider.

Benzinga

Alibaba Names Proven Leader As New Lazada Chief

Alibaba Group Holding Limited (NYSE:BABA) replaced Lazada Group CEO Chun Li with the head of its Thailand business, signifying brewing competition in Southeast Asia, Bloomberg reports. Lazada's new leader James Dong was also a one-time business assistant to Alibaba CEO Daniel Zhang before joining Lazada as its CEO for Thailand in 2018. In…

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