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Shopee closes operations in India and should expand efforts in Brazil

RIO DE JANEIRO, BRAZIL - Sea (SE), owner of Shopee, is closing its flagship e-commerce operation in India just a few months after its launch, highlighting the uncertainty in the market. Shopee had about 300 employees and 20,000 local sellers in India as of December.

Sea, partly owned by Tencent, will close Shopee India as of March 29, though it will continue to handle orders placed before then and support local merchants during . . .

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