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

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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

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