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Shopee was established in Singapore in February 2015 as a mobile-focused marketplace that enables users to browse, shop, and sell products. [10] The platform integrates logistical and payment support to facilitate transactions and is designed to operate with minimal physical assets.
Lazada Group (Chinese: 來贊達; t/a Lazada) is an international e-commerce company and one of the largest e-commerce operators in Southeast Asia, with over 10,000 third-party sellers as of November 2014, and 50 million annual active buyers as of September 2019.
Sea currently functions as a holding company for Garena, SeaMoney, Shopee and Maribank. [9] Since 2020, Sea is also the owner of Singapore Premier League football club Lion City Sailors FC, after Forrest Li acquired, privatised and renamed Home United. [10]
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The Chinese retailers have been able to help consumers feel more comfortable shopping online. [ 33 ] e-commerce transactions between China and other countries increased 32% to 2.3 trillion yuan ($375.8 billion) in 2012 and accounted for 9.6% of China's total international trade. [ 34 ]
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