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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
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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

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First Published: Mar 29 2022 | 12:41 AM IST

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