Sea's e-commerce arm Shopee to shut down India operations

[EunoiaJAYCEE]

[SINGAPORE] Shopee, the e-commerce arm of South-east Asia's Sea, said in a statement on Monday (Mar 28) that it is closing down its India operations "in view of global market uncertainties".


The Singapore-headquartered technology group launched in India in October 2021 as part of an international push that saw it expand into Europe.


The retrenchment comes weeks after Shopee announced it was pulling out of France and after India banned Sea's popular gaming app Free Fire.


After the ban, the market value of the New York-listed South-east Asian firm dropped by US$16 billion in a single day, leading some investors to cut its holdings.


Shopee said in its statement it would work "to support local seller and buyer communities and our local team to make the process as smooth as possible". REUTERS

 

[winners]

What happened? I thought that fucker Wang Yi was in India a few days ago to discuss this SEA problem among the other issues? Looks like he had failed badly.

 

[mojito]

Even the cunning Chinese could not make money from India. Thankfully we have the PAP makes money from all their foreign investments.

 

[Pinkieslut]

Even the cunning Chinese could not make money from India. Thankfully we have the PAP makes money from all their foreign investments.

Even Ah Neh Fernandes also shut down his AirAsia in India. Really incredible Cuntry!

 

[syed putra]

I am not surprised. Indians have no need for oyster sauce or sesame oil

 

[syed putra]

Even Ah Neh Fernandes also shut down his AirAsia in India. Really incredible Cuntry!

Its difficult for foreigners to do business in india and at one time, indonesia, the court will side with locals if there is a dispute..

 

[Cottonmouth]

He must have realised the filthy indians are not worth it.
Those 1.5bil shitskins can go fuck themselves.

 

[syed putra]

How to fight this more efficient delivery?

The dabbawalas (also spelled dabbawallas or dabbawallahs, called tiffin wallahs in older sources) constitute a lunchbox delivery and return system that delivers hot lunches from homes and restaurants to people at work in India, especially in Mumbai. The lunchboxes are picked up in the late morning, delivered predominantly using bicycles and railway trains, and returned empty in the afternoon.[1] [2]

 

[Cottonmouth]

How to fight this more efficient delivery?

The dabbawalas (also spelled dabbawallas or dabbawallahs, called tiffin wallahs in older sources) constitute a lunchbox delivery and return system that delivers hot lunches from homes and restaurants to people at work in India, especially in Mumbai. The lunchboxes are picked up in the late morning, delivered predominantly using bicycles and railway trains, and returned empty in the afternoon.[1] [2]

Do they serve shit?

 

[Scrooball (clone)]

SEA is damn one trick pony. Reminds me of Grab. These clowns can hardly compete when they step into the bigger world.

 

[laksaboy]

The retrenchment comes weeks after Shopee announced it was pulling out of France and after India banned Sea's popular gaming app Free Fire.

Could be political and not economical. India has banned quite a number of Tiong apps.

 

[congo9]

Indians are smart. They knew Chinese are coming in to snatch their rice bown and mkt. They shut them off.

Meanwhile they keep exporting their cheap labor to all the world as talent. Only daft Singkie are more stupid then pap.

 

[laksaboy]

Indians are smart. They knew Chinese are coming in to snatch their rice bown and mkt. They shut them off.

Meanwhile they keep exporting their cheap labor to all the world as talent. Only daft Singkie are more stupid then pap.

Snatch rice bowl is one thing. Endangering national security is another thing altogether.

But of course, it's a non-issue when your country is run by traitors.

 

[Rogue Trader]

SEA is damn one trick pony. Reminds me of Grab. These clowns can hardly compete when they step into the bigger world.

Please lah. Sea is a big mobile game developer.

The problem is ah neh land. You have to go in and endure daily gangrape for several years from employees, business partners, vendors, customers, state and federal governments. Then maybe can break even after all that

 

[aerobwala]

India's customs tariff and fees system is the most complex and lack of transparency in determining net effective rates of customs tariffs, excise duties, and other charges. Tariff structure is composed of a basic custom duty, an "additional duty", a "special duty" and "other assessment". Also, customs tariff and fees system vary from province to province. This kind of ah neh neh tax system make it impossible to compute duties and charges. Most foreign companies had their margin eaten up by taxes and bleed to death.

 

[Pinkieslut]

Please lah. Sea is a big mobile game developer.

The problem is ah neh land. You have to go in and endure daily gangrape for several years from employees, business partners, vendors, customers, state and federal governments. Then maybe can break even after all that

India is a shit hole with all foreign companies destined for death.

just google and you will find out that even AMDK behemoth Amazon also failed there, kenna eaten by local partner Reliance.

 

[Qantas]

He must have realised the filthy indians are not worth it.
Those 1.5bil shitskins can go fuck themselves.

Even before your ship can dock to unload at Indian ports, you have to pay the so-called “facilitation fee” before being allowed to do so. If you have a court case in India, expect it to drag on for more than 20 years with no ending. Neverheless, you can bribe the court clerk early in the morning and he will place your file on the top of the pile for hearing. However, someone else may pay him more later and your file will get pushed down below. It goes on and on... Really Incredible Yindia.

 

[Cottonmouth]

Even before your ship can dock to unload at Indian ports, you have to pay the so-called “facilitation fee” before being allowed to do so. If you have a court case in India, expect it to drag on for more than 20 years with no ending. Neverheless, you can bribe the court clerk early in the morning and he will place your file on the top of the pile for hearing. However, someone else may pay him more later and your file will get pushed down below. It goes on and on... Really Incredible Yindia.

Just nuke those shitskin mother fuckers.

 

[syed putra]

India's customs tariff and fees system is the most complex and lack of transparency in determining net effective rates of customs tariffs, excise duties, and other charges. Tariff structure is composed of a basic custom duty, an "additional duty", a "special duty" and "other assessment". Also, customs tariff and fees system vary from province to province. This kind of ah neh neh tax system make it impossible to compute duties and charges. Most foreign companies had their margin eaten up by taxes and bleed to death.

Crossing state borders must pass through domestic custom.

 

[syed putra]

India is a shit hole with all foreign companies destined for death.

just google and you will find out that even AMDK behemoth Amazon also failed there, kenna eaten by local partner Reliance.

Sembcorp is in india. Huge mega solar farm in rajasthan or something.