Southeast Asian e-commerce platform Shopee will open its new regional headquarters in Singapore at Kent Ridge.
The firm characterized the move as a reflection of the homegrown company’s commitment to invest and innovate in Singapore and the region.
“Shopee’s rapid growth since its inception and their new headquarters here is a testament to the strength and vibrancy of Singapore’s technology ecosystem,” said Digital Industry Singapore spokesperson Kiren Kumar. “We’re heartened by their commitment to build a strong pool of tech talent, not just for their own needs, but also for the larger ecosystem here. We look forward to Shopee’s contribution to Singapore’s growing digital economy, as they continue to innovate and expand their footprint in the region using Singapore as a springboard.”
Shopee’s new headquarters spans 244,000sqft and will be able to accommodate up to 3000 employees, contributing to its established presence in seven markets across Southeast Asia. The purpose-built space boasts a host of features to facilitate a more collaborative and creative working environment, including a marketing studio where Shopee Live and Shopee Quiz are filmed, a gym and a fun zone for employees.
In less than four years, Shopee has become the leading e-commerce platform in Southeast Asia and Taiwan. In the second quarter of this year, Shopee achieved 246.3 million orders regionally and recorded a gross merchandise volume of US$3.8 billion. According to a report by App Annie, Shopee was the number one shopping app in Southeast Asia by average monthly active users in the second quarter.
“Shopee has grown from a start-up to the region’s leading e-commerce platform in less than four years,” said Shopee’s chief commercial officer Zhou Junjie. “Singapore has been our headquarters, even when we were just 10 employees strong. This new office marks our rapid growth so far and sets the stage for us to solidify our leadership position.”