Post by
ideaguy on Jul 25, 2024 9:19am
Shopee x Givex - that's huge..
Shopee is a massive market player in Asia and Brazil.
They're owned by Sea Limited, a $37 billion public company. Do your DD on the size of this opportunity but imo if this goes well, Givex will have the opportunity to integrate it's gift cards to Shopee international footprints.
I want to highlight that Shopee in Brazil has 3 million merchants who use them! 3 million! That's massive for Givex.
With 9+ distribution centers and 100+ small logistics hub, this would yield well.
See article from Reuters on Shopees Brazil's footprint
https://www.reuters.com/business/retail-consumer/seas-shopee-opens-new-distribution-center-brazil-2023-11-01/