Today in retail, retail sales fall unexpectedly in May, while shoppers return to H&M stores. Plus, retailers fight fraud, Shopee cuts staff, Walmart teams with Miranda Lambert, and Clip Money and Staples partner. Retail Sales Turn Negative, Reflect Broad-Based Consumer Caution U.S. retail sales unexpectedly...
Singapore-based eCommerce giant Shopee is trimming staff for its food delivery ShopeeFood and online payment ShopeePay teams in Southeast Asia, according to a Yahoo News report that points to an internal memo circulated Monday (June 13). In the memo cited by other news reports, Shopee...
Shopee, the Singaporean shopping app, has gotten authorization from the central bank in Brazil to operate as a payment institution, Reuters reported Monday (May 2). The report came from a notice in the government’s official gazette. Shopee will be able to “manage prepaid payment accounts,...
Five partner brands of eCommerce platform Shopee hit at least $100 million in gross merchandise value (GMV) in 2021, while Shopee Mall saw an eightfold increase in the number of users shopping online at least once a month during the year, according to a Tech...
December 18, 2023
Shopee, an eCommerce firm owned by Singapore-based Sea, is expanding its presence in Latin America with the acquisition of the local credit arm of Brazilian FinTech company Blu. This strategic deal, which has received preliminary approval from Brazil’s antitrust regulator CADE, will enable Shopee to offer credit directly to customers in the country, Reuters reported Monday (Dec. 18). […]
June 15, 2022
Singapore-based eCommerce giant Shopee is trimming staff for its food delivery ShopeeFood and online payment ShopeePay teams in Southeast Asia, according to a Yahoo News report that points to an...
May 02, 2022
Shopee, the Singaporean shopping app, has gotten authorization from the central bank in Brazil to operate as a payment institution, Reuters reported Monday (May 2). The report came from a...
January 14, 2022
Five partner brands of eCommerce platform Shopee hit at least $100 million in gross merchandise value (GMV) in 2021, while Shopee Mall saw an eightfold increase in the number of...
