SG’s Shopee to enter Mexico online market with app launch

Photo: Sea Ltd website

Shopee, the e-commerce arm of Southeast Asia’s Sea Ltd, has launched an app for Mexico, where it plans to offer online sales in what would be its second market in the Americas, a Reuters review showed on Monday.

Shopee, the largest e-commerce platform in Southeast Asia, according to market researchers, launched a small presence in Brazil in 2019 as a pilot initiative of its cross-border team, and has since been scaling up operations.

Although sources in January said the e-commerce arm was evaluating the potential of other Latin American markets, the company had not yet announced plans for other countries.

The expansion to Mexico, Latin America’s second-largest economy, could mark a major new growth opportunity in cross-border sales, a market already explored by shopping app Wish.

According to a preview of the app on the Apple website in Mexico, Shopee will offer free shipping throughout Mexico, offering items including electronics, clothes, toys and home goods.

The description of the app says Shopee aims to offer a shopping platform similar to its existing ventures in southeast Asia and Taiwan.

“We have launched in Mexico to offer the same experience,” the description says.

Shopee‘s Mexico website (shopee.com.mx) was not yet available, and it was not clear if the company had begun accepting orders.

Sea, a Singapore-headquartered technology group, was not immediately reachable for comment.

Shares in Sea surged more than 400% last year. On Monday, its market capitalisation reached $132.68 billion. It raised close to $3 billion in a stock offering in December.

Reuters

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.