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E-commerce platforms like Shopee gain traction amid global push towards digitalisation

Amala Balakrishner
Amala Balakrishner3/4/2021 4:39 PM GMT+08  • 3 min read
E-commerce platforms like Shopee gain traction amid global push towards digitalisation
The digitalisation wave and push towards online shopping in 2020 has helped widen the reach and patronage of the likes of Shopee.
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The digitalisation wave and push towards online shopping in 2020 has helped widen the reach and patronage of the likes of Shopee.

In its recent 4QFY2020 ended in December, the e-commerce platform, which is owned by NYSE-listed Sea Group reported a 178.3% y-o-y surge in revenue to US$842.2 million ($1.1 billion).

In this time, its gross merchandise value surged by 112.5% on year to US$11.9 billion, while total orders in the quarter had hit 1.0 billion, a 134.6% increase from the year before.

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