Shopee posts 72.7% jump in gross merchandise value

Published on 17 Oct 2019 11:05:46 PM

Shopee, the leading e-commerce platform in South-East Asia and Taiwan, is confident of recording sustained growth in transactions on its platform following its strong performance in the first half of the year.

Shopee, a wholly-owned subsidiary of US-listed SEA Limited, saw gross orders jumping 92.7% to 246.3 million in the second quarter of this year (2Q19) compared to 127.8 million a year ago.

Its gross merchandise value also surged 72.7% to US$3.8bil in 2Q19 from US$2.2bil a year ago.