The Latin American-headquartered company has launched a new free-campaign in Brazil, slashing the minimum order fee from BRL79 ($18.43) to BRL19, while cutting seller shipping fees by up to 40%, with MELI shouldering the cost.
Maybank Securities (Maybank) analyst Hussaini Saifee is keeping his “buy” call on Sea Limited (Sea) at a raised target price (TP) of US$192.00 ($246.17) from US$186.00 previously.
Shopee Brazil, a significant player in the e-commerce scene in Brazil, is seeing increased competition from Mercado Libre (MELI), presently the largest e-commerce operator in the country.
