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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?
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 …
