What is Shopee's parent company Sea? Review of Shopee's parent company Sea

Basic introduction of sea

Shopee's parent company is Sea (formerly known as Garena), a large Internet company in Southeast Asia. The company was founded in 2009 and received a $170 million Series D round of financing in 2016, led by Malaysia's Khazanah Nasional Berhad and followed by Tencent (Tencent led the Series A round a few years ago). In addition to e-commerce and its main gaming business, Sea also has Airpay, a payment business similar to Alipay, and Beetalk, a social business similar to WeChat. From a business perspective, Sea is similar to the "Southeast Asian version" of Tencent.

Basic business situation

Sea is a company listed on the New York Stock Exchange with three subsidiaries: Garena, the largest online gaming company in Southeast Asia; Shopee, an e-commerce shopping platform in Southeast Asia; and Airpay, a digital payment platform.

Basic History

On October 25, 2017, Sea, the parent company of Shopee, a Southeast Asian and Taiwanese e-commerce platform, announced its initial public offering on the New York Stock Exchange.

In February 2019, Shopee's parent company Sea released its 2018 financial report: annual GMV exceeded US$10 billion

In March 2020, Shopee’s parent company Sea released its 2019 financial report: full-year GMV reached US$17.6 billion.

E-commerce platform Shopee

1. Shopee platform site situation

Currently, there are 7 sites: Singapore, Malaysia, Taiwan, Indonesia, Thailand, Vietnam and the Philippines. Among them, the sites that have opened cross-border seller services are Singapore, Malaysia, Taiwan, Indonesia and Thailand.

2. Shopee Scale

Shopee currently has more than 2,000 cross-border employees in six Southeast Asian countries, mainland China and Taiwan, and its annualized GMV in 2017 was US$3 billion.

3. Shopee Platform Advantages

1. The largest e-commerce platform in Southeast Asia and Taiwan, facing the blue ocean market of Southeast Asia, with rapid development of cross-border business.

2. Focus on the mobile market and adapt to the trend of mobile e-commerce in Southeast Asia.

3. Comprehensive cross-border e-commerce solutions, and enjoy preferential policy support from the platform.

4. The parent company SEA is the largest Internet company in Southeast Asia, with strong financial, technical and talent support.

IV. In China

Shopee conducts cross-border business for sellers in mainland China and Hong Kong, and has established offices in Shenzhen, Shanghai and Hong Kong in Greater China.

References

• 1. Shopee's parent company Sea's 2019 financial report: Full-year GMV reached US$17.6 billion: ebrun [cited on 2020-03-01T16:00:00.000Z]
• 2. E-commerce platform Shopee's parent company Sea Group is listed on the New York Stock Exchange: Sohu [cited date 2017-10-23T16:00:00.000Z]
• 3. Shopee's parent company Sea released its 2018 financial report: Annual GMV exceeded US$10 billion: Sohu [cited on 2019-02-24T16:00:00.000Z]