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Sea Ltd shares rose 36% in its biggest-ever single-day jump after the gaming and eCommerce company posted a smaller-than-expected quarterly loss, helped by drastic cost cuts.
Around 100 Shopee employees in Singapore and China were laid off on Monday, per Bloomberg. HR, training, recruitment and employee relationship management teams were among those affected.
Singapore News - E-commerce giant Shopee on Monday started another round of layoffs, which affected some people in Singapore, in yet another round of job woes as its parent Sea Limited struggles towards profitability. This is at least the third round of job cuts Shopee has made this year,... Read more at www.tnp.sg
As one of the emerging economies in Southeast Asia, Vietnam has potential for e-payments.
In the first half of this year, 2,267 cases of e-commerce scams were reported with losses of at least $8.3 million. This is up from $5.8 million for the whole of last year. Read more at stomp.straitstimes.com