Shopee, the e-commerce company, is shutting down its operations in four countries. The company confirmed the closure updates, and the countries are Chile, Colombia, and Mexico. In addition, the Singapore-based company has announced plans to exit Argentina completely. Shopee is Southeast Asia’s leading e-commerce company. Hence, the article presents Shopee Closed Operations in Four Countries.
While the business will continue to operate through local partners in Chile, Colombia, and Mexico, the majority of staff will be moved from Argentina. As a result, some workers will also face layoffs. However, this decision will not impact the neighboring country Brazil. Shopee has maintained its position as quite influential in the Brazilian market. In an email, Shopee Chief Executive Chris Feng wrote to employees that the company needs to focus on core operations amid the ongoing economic uncertainty.
However, the company will adopt a cross-border policy in conducting business in Chile, Colombia, and Mexico. On the other hand, it will be completely closed in Argentina.
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