Are you curious about where Shopee originated and who is the owner of Shopee Philippines? In this article, we will discuss all the information about Shopee. Let’s read the article to get all the information about Shopee.
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1 Where Shopee Originated
You might be curious about where Shopee originated or when did Shopee start in the philippines. For your information, Shopee or Shopee Pte Ltd is a Singaporean company which is focused on e-commerce. Shopee was launched in 2015 in Singapore and has expanded in several countries in SouthEast Asia.
When it first launched in 2015, Shopee was introduced as the mobile centric marketplace that can be used to browse, sell and also buy a product. Shopee is integrated with supported logistics and several payment methods.
To compete with other marketplaces like Lazada and Tokopedia, Shopee offers a feature which is called Shopee guarantee. Shopee guarantee will hold the payment you made and release it to the seller once you have received your order. It means if you haven’t received it, you can ask for a refund.
In 2021, Shopee reached many profits when many companies were bankrupt. It is because many people choose to use the ecommerce marketplace due to the pandemic situation. Shopee has turned into the most visited ecommerce platform.
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2 Business Model
After you know about Shopee history, we move about the Shopee business model. When first launched, Shopee started as a C2C (consumer to consumer) business model. Now Shopee moved as C2C (consumer to consumer) and B2C (business to consumer).
What is the mission and vision of Shopee? Shopee’s mission is to become the big e-commerce platform and become the customer’s choice. Nowadays, Shopee has partnered with many brands as well as logistics.
Read also : 23 Secret Formulas to Run a Successful Ecommerce Website
3 Market Share
Shopee is a big company. For those who are looking for a Shopee career. You can try to look at their websites for the information. Why do you need to join Shopee? It has grown rapidly. For your information, Shopee orders have increased 92.7% or 246.3 million in Q2 2019 compared to a year ago for 127.8 million only.
Shopee is the popular shopping app which is the most visited and used app. In Malaysia, Shopee has become the 3rd most visited marketplace portal in Q4 2017, removing Lazada as the best app on both iOS App stores and Google Play. While based on the survey in Indonesia, Shopee has been the chosen platform for 73% votes. Now, Shopee has entered the Latin America market which is a boomed ecommerce in a pandemic situation.
4 New Launches
Shopee has launched several features in 2016, 2017 and 2018. In 2016, Shopee launched Shopee University. It is a feature which helps to educate sellers and entrepreneurs on setting up their online business. You can join the workshop and tutorials too.
In 2017, there is something new in Shopee which is called Shopee Mall. Shopee Mall is the shop where you can buy many things since Shopee mall has cooperated with 200 brands in the Philippines and Singapore.
In 2018, Shopee also launched another portal of China Marketplace. This portal offers the Shopee customer access to Chinese merchants and products with no agent fees needed in the Philippines and Singapore.
Read also : 5 Tips to Have the Best Deals On Shopee’s 11.11 Sale
5 Brand Ambassadors
If you ever search for a Shopee philippines company profile. You must know the brand ambassadors. Shopee has appointed big stars as their brand ambassador. In 2018, Blackpink, a South Korean girl group was appointed as Shopee brand ambassadors. Then in the same year, Shopee appointed Bambam Got7 as their brand ambassador for Shopee Thailand.
Then in 2019, Shopee appointed Cristano Ronaldo as their regional brand ambassador. While in the Philippines, Shopee has chosen several public figures as their brand ambassador such as Anne Curtis,Jose Mari Chan, Sarah Geronimo,Manny Pacquiao, Kris Aquino, Willie Revillame,Alex Gonzaga and also Kim Chiu.
In 2020, Aquino who is the television personality was chosen as the endorser of Shopee for the 11.11 Christmas Sale and Phua Chu Kang, a classic role from a Singaporean sitcom was also announced as Shopee’s first Singaporean brand ambassador. Then Shopee also appointed Mark Lee as Shopee’s next ambassador in May 2021.
In 2021, BtoB, the boyband in South Korea was selected and appointed as the official ambassador for Shopee’s K-Collection, a Korean brand exhibition that has 50 domestic small and medium-sized enterprises participate through Shopee’s Live Shopee Malaysia, Shopee Singapore, Shopee Vietnam and also Shopee Philippines.
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6 IPO
Who is the owner of Shopee Philippines? The owner of Shopee Philippines is Mr. Forrest Li, the one who also owns Sea Group, Shopee’s parent company. Shopee did the public offering in October 2017 for US$1 billion on the New York Stock Exchange (NYSE). Here are the shareholders of Shopee
- Tencent – 20% shares
- Blue Dolphin Venture – 15%
- Forrest Li’s organization – 15%
- Forrest Li – 20%
- Gang Ye – 10%
7 Awards
For your information, Shoper was awarded as Singapore Startup Of The Year in the second edition of Vulcan Awards in 2015. This award was presented by Vulcan Post, a Singaporean digital publisher.
8 Controversies
You might be curious about who is the owner of Shopee and Lazada. Mr. Forrest Li is the one who owned Shopee. He is the richest man in Singapore. Is there any Shopee controversy? And yes. It was happened in June 2019
In June 2019, there were trending tags of #ShopeeScam on Twitter. It happened when Shopee Philippines scammed a Filipino fan of Blackpink, a south korean idol. They were announced as the winner of Blackpink’s Meet and Greet ticket but Shopee Philippines retracted them.
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Conclusion
Shopee is one of the most popular marketplace that owned by Mr. Forrest Li, the richest man in Singapore. Shopee has expanded to several countries in SouthEast Asia and now Shopee has entered the Latin America market which is a boomed ecommerce in a pandemic situation.
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