The Business Times
business-time-50

Analysts say Shopee's India exit raises Sea's prospect of profitability

google-preferred-sourceAdd BT as a preferred source
Vivienne Tay

Vivienne Tay

Published Tue, Mar 29, 2022 · 09:50 PM

Singapore

SEA'S shutting down of its Shopee business in India could allow it to focus on other markets and raise its prospect of profitability, noted analysts.

Sea said on Monday (Mar 28) that it will withdraw from India's retail market, citing "global market uncertainties". The statement covered only retail and not gaming activities.

Sea LtdShopeeIndiaBrokers' Take

TRENDING NOW

Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

In the last round of bidding, the premium for Category B was S$980 more than that for Category A.

Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

The suspension at Manulife comes amid a broader, coordinated crackdown on cross-border wealth channels.

Manulife pulls loan product for rich Hong Kong clients after scrutiny

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More