September 12, 2022 |
Shopee, a Singapore-based online marketplace, is pulling out of Argentina and reducing operations in three other Latin American countries as sales lag expectations globally, according to press reports.
The company is retrenching in Chile, Colombia and Mexico, where it set up operations only last year, and has pulled the plug on its Argentine pilot, reported Brazilian financial newspaper Valor Econômico.
Shopee will no longer work with local sellers in Chile, Colombia and Mexico, but will continu
Singapore-based online marketplace leaves Argentina and limits activities in Mexico, Colombia and Chile