Shopee.docx - SHOPEE Team 9 A.EXECUTIVE SUMMARY 1 Brief introduction 1.1 What is shopee According to Wikipedia Shopee was founded in 2015 in Singapore

Shopee.docx - SHOPEE Team 9 A.EXECUTIVE SUMMARY 1 Brief...

This preview shows page 1 - 4 out of 25 pages.

SHOPEE Team 9 A.EXECUTIVE SUMMARY 1. Brief introduction 1.1 What is shopee? According to Wikipedia, Shopee was founded in 2015 in Singapore, by the SEA corporation of Forrest Li. The establishment of Shopee is a milestone of SEA's encroachment into the e-commerce field. Formerly, they were known as the distributor of a lot of famous games, called Garena. Until now, Shopee is present in Singapore, Malaysia, Thailand, Taiwan, Indonesia, Vietnam, and the Philippines. Different from Lazada or Tiki, Shopee initially developed primarily on mobile applications, rather than computers. However, nowaday, their web platform also has a huge traffic, by virtue of a large investment in brand development. Initially, Shopee is only operated with the Marketplace model (C2C - Customer to Customer). But now they also expand to B2C (Business to Customer), which is similar to Lazada and Tiki. This is reflected by the establishment of Shopee Mall in 2017. Shopee Mall is the place where major brands and retailers sell genuine goods at Shopee. Visit Shopee, you can easily find cheap goods, even second-hand goods, sold by a lot of different sellers. Therefore, the company decided to develop Shopee Mall, in
Image of page 1
order to have a separate area for genuine goods to avoid the phenomenon that consumers think there are only cheap and bad goods sold on Shopee. 1.2 Who owns Shopee? - Shopee belongs to SEA. And SEA is owned by: Tencent - China's giant technology corporation, owns 39.7% Founder Forrest Li owns a 35% stake, directly and indirectly SEA Chief Technology Officer Gang Ye owns 10% Other small shareholders - SEA is a Singaporean company, but the largest shareholder is a Chinese company (Tencent). Mr. Forrest Li (a billionaire in the world with $ 1.3 billion in assets), although is a Singapre citizen, he was born in Tianjin, China. So we can conclude that Shopee is from both Singapore and China. This is not surprising that they have a very strong financial potential. After acquiring the Chinese domestic market, they are thriving throughout the whole of Southeast Asia. - In Vietnam, the CEO of Shopee is Mr. Pine Kyaw, a Singaporean. 2. Key issues 1.1 Merchandise conduct The internet and e-commerce also pose a big challenge to control the quality of products sold on website. Many individuals and organizations take advantages of e-commerce to trade in fake and counterfeit goods, even falsifying reputable businesses to deceive buyers, causing economic damage and consumer confidence for the business. 1.2 Trust of customers:
Image of page 2
Although the payment platforms have grown quite securely but the business has not been completely trusted by consumers. Doubt in both buyers and sellers leads to many incomplete transactions. Online products and services can not be touched, held or felt . Whereas, the shopper always want to directly watch, try it and held on, they can only view through photos, videos and detailed descriptions With the characteristics of e-commerce transactions, the seller and buyer do not meet directly, the buyer also does not have direct contact with the goods, so it
Image of page 3
Image of page 4

You've reached the end of your free preview.

Want to read all 25 pages?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture