Sea’s eCommerce arm exits France a few months into Europe foray

A Shopee sign at Sea Ltd’s office in Singapore. France was one of the most significant new markets for the Singapore-based Internet giant, which embarked on an aggressive international push last year to drive growth beyond South-East Asia. — Reuters

Sea Ltd’s Shopee is pulling out of France, retreating from a major market just months after launching its maiden foray into Europe.

The site will close on March 6, Shopee said in a notice on its website in the country, promising to complete all paid orders till then.