Wednesday, June 18, 2025 | 04:29 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Singapore-based e-commerce platform Shopee shuts India operations

The official reason given by Singapore-based e-commerce platform Shopee, which is controlled by NYSE-listed Sea Ltd, is changing global sentiments

Shopee
premium

Shopee has been hit by growing opposition against it from trade associations led by Praveen Khandelwal as well as homegrown social commerce start-ups.

Surajeet Das Gupta New Delhi
Singapore-based e-commerce platform Shopee — that launched in India only in December 2021 — has decided to close operations in the country.

The official reason given by Shopee, which is controlled by NYSE-listed Sea Ltd, is changing global sentiments.

In a statement, it said, “In view of the global market uncertainties, we have decided to close risks of our early-stage Shopee India initiative.”

The e-commerce platform has been hit by growing opposition against it from trade associations led by Praveen Khandelwal as well as homegrown social commerce start-ups. 

They alleged that it represented a back-door entry of Chinese company Tencent in clear violation of