Shopee to shut Poland operations
What: x Southeast Asian E-commerce giant is closing Poland this January, after a year of operations and having exited France a year ago.
Why it is important: Is this the beginning of the end of regional pure players’ international expansion?
Shopee, which launched operations in Poland in 2021, is closing down its operations there. The company has also exited France and India, meaning that the international expansion of the Singapore-based company is now on hold.
Shopee recorded a loss of $931,2m in Q2 2022, up from the loss of $433,7m in Q2 2021.
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