The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The US-listed Singaporean owner of e-commerce player Shopee saw its share price close at $282.49 last week, meaning its $148 billion market capitalisation surpassed the $122 billion of Japan’s Softbank Group, Nikkei Asia reports.
In addition to e-commerce, Sea is active in the online gaming and fintech spaces. Alongside backing its local e-commerce player Zozo, Softbank has a stake in Shopee’s Indonesian competitor Tokopedia.
The optimism around the group’s business stems from Shopee’s entrance into Chile and Colombia this month, after launching in Brazil and Mexico in 2019 and earlier this year respectively. Alongside operations in Taiwan, it has already made waves across Southeast Asia and last year became the populous region’s most valuable listed company in the wake of a pandemic-ignited e-commerce boom.
This week’s round-up of global markets fashion business news also features Korean shopping app Ably, Kenya’s second-hand clothing trade and the EU’s bid to curb forced labour in Chinese cotton.
From Viviano Sue to Soshi Otsuki, a new generation of Tokyo-based designers are preparing to make their international breakthrough.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.