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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Singaporean e-commerce firm exited India after just six months of operating here. What happened?
Editor's note: In a rather surprising move, Singaporean e-commerce firm Shopee announced yesterday that it is exiting India. The company, owned by Singapore-headquartered and New York-listed consumer internet giant Sea Ltd, had only been operating here for about six months and was doing rather well. From Shopee’s statement, via TechCrunch : In view of global market uncertainties, we have decided to close our early-stage Shopee India initiative. During this period of transition, we will focus on supporting our local seller and buyer communities and our local team to make the process as smooth as possible. We will continue to focus our efforts on delivering a positive impact to our global communities, in line with our mission to better the lives of the underserved through technology. • In the past 18 hours or so, there have been a host of different reactions to the exit. There is concern among those who are quite possibly going to lose their jobs because of this exit; the number will run into a couple of hundreds at the very least. There is a celebration at the Confederation …
Singaporean e-commerce firm exited India after just six months of operating here. What happened?
Editor's note: In a rather surprising move, Singaporean e-commerce firm Shopee announced yesterday that it is exiting India. The company, owned by Singapore-headquartered and New York-listed consumer internet giant Sea Ltd, had only been operating here for about six months and was doing rather well. From Shopee’s statement, via TechCrunch : In view of global market uncertainties, we have decided to close our early-stage Shopee India initiative. During this period of transition, we will focus on supporting our local seller and buyer communities and our local team to make the process as smooth as possible. We will continue to focus our efforts on delivering a positive impact to our global communities, in line with our mission to better the lives of the underserved through technology. • In the past 18 hours or so, there have been a host of different reactions to the exit. There is concern among those who are quite possibly going to lose their jobs because of this exit; the number will run into a couple of hundreds at the very least. There is a celebration at the Confederation …
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
Its acquisition of Kirana Club signals an attempt to find a new growth engine, but grocery retail has been a challenge for even well-funded players.
A Julius Baer index says the emirate slipped seven places in 2026, Dubizzle is making new investments, and other news updates.
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
Its acquisition of Kirana Club signals an attempt to find a new growth engine, but grocery retail has been a challenge for even well-funded players.
A Julius Baer index says the emirate slipped seven places in 2026, Dubizzle is making new investments, and other news updates.
