According to Reuters, Shopee, the Singapore e-commerce giant owned by the Sea, is scaling up its operations in Brazil. Since its arrival in Latin America, in late 2019, the company has been investing in Brazil and assessing its next steps in the region.
READ ALSO: Argentina was the country where e-commerce grew the most in 2020
According to two people with knowledge of the matter with whom Reuters talked to, the company is moving executives from Southeast Asia to Brazil.
On Linkedin, Shopee has over three dozen positions opened in Brazil. Pine Kyaw, formerly country managing director for Shopee’s high-growth Vietnam unit, is listed on the job platform as becoming Shopee Brazil country head.
According to sources from the news agency, the move is linked with the Southeast Asian giant’s desire to expand in Latin America.
READ ALSO: Study shows that Brazil already has 598 companies operating with e-commerce
The company declined Reuters’s request for comment.