Sea Ltd‘s e-commerce arm told employees on Thursday it was shutting down local operations in Chile, Colombia, and Mexico and leaving Argentina entirely, according to three sources with direct knowledge of the matter and an internal email.
The Singapore-based company will maintain cross-border operations in the first three markets but will cut the majority of its teams in the countries, affecting dozens of employees, the people said. Brazil, in which Shopee has become a dominant player, will not be affected.
