Shopee achieves new milestone with over 5 million

Mar 1, 2017 - Shopee shared its 2016 business performance update. The company showed significant growth across the region and achieved USD 1.8 billion annualised Gross Merchandise Value (GMV) with 43% month-on-month growth by December 2016. Shopee marked a milestone of 25 million downloads and over 65 million product listings across the seven markets. To date, Shopee Thailand has achieved over 5 million downloads and over 1 million orders monthly by December 2016. It also stated that the rate of refund was only at 1% because of its Live Chat, where sellers and buyers can talk to each other before making transaction. In 2017, it expects to maintain the strong double-digit growth.

Shopee Thailand is focusing on the expansion of market segments, including improving product portfolio by strengthening more categories and bringing onboard more business corporate sellers (Official Shops) to increase product variety for buyers. As part of the company’s focus on expanding product portfolio, Shopee is set to delight users with “Mobile & Electronics Madness”, offering many attractive deals and non-stop promotions, including discounts of up to 90% across categories such as Mobile & Gadgets. The “Mobile & Electronics Madness” campaign runs from 3rd to 26th March.