Shopee has opened its new regional headquarters in Singapore as the e-commerce player looks to drive further growth in the region. With an office space that spans 244,000 square feet, the site can house up to 3,000 employees and supports its operations in six other markets, including Thailand, Taiwan, Indonesia, and Vietnam.
Located at Kent Ridge, the new headquarters signalled Shopee's commitment to help grow tech talent and boost the startup ecosystem in Singapore, as it continued to expand in Southeast Asia, the company said at the launch Tuesday.
Its commercial officer Zhou Junjie said: "Shopee has grown from a startup to the region's leading e-commerce platform in less than four years. Singapore has been our headquarters, even when we were just 10 employees strong.
"Our new office reaffirms our long-term commitment to the country and elevates Singapore's attractiveness as the Silicon Valley of Southeast Asia. Grooming more tech talent and nurturing an entrepreneurial ecosystem for sellers, including small and midsize enterprises, will continue to be areas of focus for us," Zhou said. "Going forward, as technology advances and the e-commerce landscape evolves, Shopee will continue to invest ahead of demand and build more advanced capabilities to better serve our users."
The e-commerce operator processed 246.3 million orders across the region in the second quarter of 2019 and clocked a gross merchandise volume (GMV) of $3.8 billion. Its adjusted revenue for the quarter climbed 201.7% year-on-year to $177.4 million.
Citing figures from App Annie and iPrice[1], Shopee said it was the leading shopping app in Southeast Asia, averaging more than 200 million monthly active users across its digital platforms. The site also led in terms of total time spent in-app and was the most downloaded shopping app on Apple App