Shopee
Shopee cuts hundreds of developer jobs globally during pivot to AI
The reductions, which started this week, amount to about 8% of the company’s developer workforce
Singapore’s Sea sets up AI investment team as part of pivot beyond e-commerce
Sea has been embedding AI in small ways, like through product recommendations and seller tools
Sea announces new AI centre in Singapore, at least 100 job roles expected to be created
At least 100 roles in research, engineering and product development are set to be created
South-east Asia e-commerce GMV grows to US$157.6 billion in 2025
Value of goods and services sold on such platforms up by double digits throughout the region, except Indonesia
Sea shares slump 16.5%; analysts deem drop an ‘overreaction’
Citi and Maybank Securities say the sell-off ignores company’s strategic logic
Sea Q4 earnings up 72.9% at US$410.9 million; targets 25% GMV growth in Shopee
For the full year, earnings surge to US$1.6 billion from US$447.8 million
Sea and Google ink partnership to develop AI-powered tools
This involves all three of Sea’s business units – Garena, Shopee and Monee
Shopee, Lazada are laying the ground for AI shopping agents. Is a brutal price war looming?
RELYING on artificial intelligence (AI) for gift selection this holiday season may be a stretch, but the e-commerce industry’s move towards AI shopping agents now looks inevitable as OpenAI, Perplexit...
Shopee, Vietnam’s iDEA launch initiative to help small businesses go regional
The two-year initiative aims to accelerate digital transformation for Vietnamese businesses
Garena could fire Sea towards US$1t market cap dream, but Shopee growth plans weigh on near-term sentiment
Reinvestments to support business expansion reflect its focus on revenue growth over profitability, analysts say
