E-commerce platforms like Shopee gain traction amid global push towards digitalisation

E-commerce platforms like Shopee gain traction amid global push towards digitalisation
-A +A

SINGAPORE (March 4): The digitalisation wave and push towards online shopping in 2020 has helped widen the reach and patronage of the likes of Shopee.

In its recent 4QFY2020 ended in December, the e-commerce platform which is owned by NYSE-listed Sea Group, reported a 178.3% y-o-y surge in revenue to US$842.2 million (S$1.1 billion).

In this time, its gross merchandise value surged by 112.5% on year to US$11.9 billion, while total orders in the quarter had hit...(click on link for full story on theedgesingapore.com)