RIO DE JANEIRO, BRAZIL - Shopee, the e-commerce arm of Southeast Asia's Sea Ltd, 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.
Shopee, the largest e-commerce platform in Southeast Asia according to market researchers, launched a small presence in Brazil in late 2019 as a pilot initiative of its cross-border team.
The company is now growing its presence and moving executives from Southeast Asia to Brazil, said the sources who were briefed on the matter but declined to be . . .