SINGAPORE: Shopee, the e-commerce arm of Southeast Asia's SEA, is scaling up its operations in Brazil and evaluating the long-term potential of Latin American markets, according to two people with knowledge of the matter.
SEA Chief Corporate Office Yanjun Wang told an investor call in November that Shopee Brazil, while cross-border driven, was now being used by local sellers.
Latam is a great place to visit, but doing business is totally a different cup of tea. SEA group must be congratulated for their success in Brazil operations. Boa sorte.
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