In September, Bloomberg reported that Sea cut 3% of employees at the Indonesian unit.

Take a look at some important numbers reported by these new-age companies.

While some e-tailers may go through ups and downs based on their respective funding situation, the broad arc of e-commerce remains positive...

From a constant tussle between Flipkart and Amazon for the numero uno spot and new launches fuel the race to delayed IPOs and regulatory co...

On Tuesday, Amazon notified the regional authorities in California that it would lay off about 260 workers at various facilities employing ...

The Jeff Bezos-founded tech major – which operates various businesses in India including ecommerce, data centre under Amazon Web Services, ...

Delhivery CEO Sahil Barua, in an investor call, said that there was no structural shift in the long-term growth of ecommerce in India.

In a stock exchange filing on Wednesday, Delhivery said it was likely to see an adverse impact from high inflation and would clock moderate...

Shopee Chief Executive Chris Feng said in an internal email seen by Reuters that "in light of the current elevated macro uncertainty," Sea ...

The logistics services provider reported a net loss of Rs 399 crore for the quarter ended June 30, a more than three-fold increase from the...

Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 8.02 per cent, DIIs 6.83 per cent.

The fintech firm, which informed merchants of its decision on Wednesday, has requested all its merchants to deactivate the service from the...

Shopee entered India in November 2021, and started growing at a fairly good pace. While it's tough to compete in the low-end of online reta...

The fresh cash is being deployed at a time when Walmart-owned Flipkart is scaling many of its new businesses like epharmacy, travel, social...

Shopee announced the development to its local team in a companywide town hall on Monday, saying it will cease to operate in India immediate...

Industry groupings argue that this could open up a pandora’s box of privacy risks in the absence of a data protection law. They are also se...

Singaporean ecommerce firm Shopee, which launched in India only about six months ago, has already decided to shut its operations here.