Shopee opens five new distribution centers in Brazil - report

Technology
Tuesday, 05 Jul 2022
9:01 PM MYT

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FILE PHOTO: A signage of Shopee, the e-commerce arm of Sea Ltd, is pictured at its office in Singapore, March 5, 2021. REUTERS/Edgar Su

SAO PAULO (Reuters) - Singaporean shopping app Shopee, owned by Sea Ltd, has opened five new distribution centers in Brazil in recent months to improve shipping processes and cut lead times, Brazilian newspaper Valor reported on Tuesday.

Shopee has become one of Brazil's most-downloaded e-commerce apps since its launch there in 2019, drawing users to its low-cost marketplace.

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Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
HSI-CWGA	0.110	0.110	0.090	0.095	-0.015	-13.64	2,157,768
HSI-PWFZ	0.200	0.215	0.190	0.205	0.010	5.13	1,618,410
HSI-CWEZ	0.120	0.120	0.105	0.110	-0.020	-15.38	719,103
HSI-CWGB	0.180	0.190	0.175	0.180	-0.020	-10.00	624,804
HSI-PWHC	0.175	0.185	0.165	0.180	0.010	5.88	564,424
MYEG	0.960	0.960	0.935	0.955	-0.010	-1.04	529,024
HSI-CWC6	0.190	0.190	0.145	0.155	-0.035	-18.42	490,026
TANCO	0.955	0.960	0.940	0.960	0.005	0.52	455,982
HSI-CWEY	0.230	0.245	0.220	0.220	-0.020	-8.33	447,970
VELESTO	0.185	0.190	0.180	0.185	0.005	2.78	409,947
KANGER	0.035	0.035	0.030	0.035	0.000	0.00	399,603
YTLPOWR-C77	0.040	0.045	0.040	0.040	0.000	0.00	397,913
YTL-C1F	0.025	0.025	0.025	0.025	-0.005	-16.67	307,849
HSI-PWFF	0.200	0.225	0.185	0.215	0.015	7.50	287,039
SINARAN	0.035	0.035	0.030	0.030	-0.005	-14.29	276,347

Shopee opens five new distribution centers in Brazil - report