Singapore-based Shopee to launch online in Spain, social media account says

FILE PHOTO: A signage of Shopee is pictured at their office in Singapore
FILE PHOTO: A signage of Shopee, the e-commerce arm of Southeast Asia's Sea Ltd, is pictured at their office in Singapore, March 5, 2021. REUTERS/Edgar Su

October 8, 2021

By Fanny Potkin

SINGAPORE (Reuters) – Shopee, the e-commerce arm of Southeast Asia’s Sea Ltd, plans to launch online sales in Spain via its website and local apps, according to a social media account run by the company.

The Shopee Spain account on Instagram carried a post on Friday that said Singapore-headquartered company would offer free shipping in the European nation.

A source at Sea confirmed to Reuters that the Instagram account was authentic without elaborating. The person declined to be identified as they were not authorised to speak to media.

A localised Shopee website has not yet been launched.

Sea Ltd, with a market capitalisation of $179 billion on Friday, is expanding its e-commerce operation globally. It launched in Poland in September, has ramped up activities in Latin America and is planning a launch in India.

(Reporting by Fanny Potkin; Editing by Edmund Blair)