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 the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.
This week’s round-up of global markets fashion business news also features Brazil’s JHSF, the Abu Dhabi Investment Authority and the impact of Taiwan’s earthquake on textile supply chains.
This week’s round-up of global markets fashion business news also features Dubai’s Majid Al Futtaim, a Polish fashion giant‘s Russia controversy and the bombing of a Malaysian retailer over blasphemous socks.