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Tag: sea limited

  • ShopeeFood Launches in the Philippines Across Metro Manila

    ShopeeFood Launches in the Philippines Across Metro Manila

    Shopee launched its food delivery service ShopeeFood in the Philippines on September 16. The country is now its fifth market in Southeast Asia.

    The service is starting in Metro Manila. It embeds restaurant ordering straight into the main Shopee app to reach millions of existing e-commerce shoppers.

    Integration inside the main platform

    Instead of releasing a standalone app, the company built food delivery directly into its primary interface. Users can browse menus, track couriers, and complete orders without leaving the core app. The feature links to the ShopeePay digital wallet. It also lets diners spend and earn Shopee Coins on meals.

    Early restaurant partners include McDonald’s, Pizza Hut, Domino’s, Taco Bell, Dairy Queen, Krispy Kreme, and Potato Corner. For now, the rollout covers only selected areas and user groups across the capital region.

    Challenging the delivery duopoly

    ShopeeFood enters an urban market long dominated by GrabFood and foodpanda. Housing food delivery inside a high-traffic retail app lowers customer acquisition costs. But moving meals demands tighter dispatch networks and faster rider fulfillment than parcel logistics.

    Restaurant operators gain immediate use on merchant commission fees with a third major delivery platform in play. The real test will be rider retention and delivery speeds during peak lunch and dinner hours, when rivals already run dense fleet networks.

    The regional playbook

    This Philippine debut mirrors the operational strategy Sea Limited used in Indonesia and Vietnam. In those markets, the parent firm tied food delivery to e-commerce to boost daily active users and drive transactions through its digital finance channels.

    Pilot testing began in early September ahead of the official September 16 release. The service will expand to more districts across Metro Manila in the coming weeks before determining rollouts outside the capital.

  • Sea Limited Posts $14.9 Billion First-Half Revenue as Logistics Spending Expands

    Sea Limited Posts $14.9 Billion First-Half Revenue as Logistics Spending Expands

    Singapore-based Sea Limited generated $14.9 billion in revenue during the first half of 2026, up 47 percent from a year earlier as Shopee expanded regional fulfillment networks.

    Net income rose 9 percent to $896 million over the six-month period, slowed by higher credit loss provisions at financial services arm Monee and heavy capital spending on domestic shipping capacity.

    Logistics and Fintech Reshape Core Operations

    Shopee solidified its lead across Southeast Asian markets by pouring capital into dedicated logistics networks, countering delivery bottlenecks that earlier pressured merchant margins. The group also preserved its overseas footprint in Brazil after retreating from short-lived retail expansions across other overseas territories.

    Financial unit Monee expanded consumer credit to bring unbanked shoppers onto Shopee’s marketplace. Higher lending volumes brought higher delinquency reserves, tracking the rising credit costs across Southeast Asian digital banking books.

    Earnings Split and Margin Pressures

    Gaming division Garena, developer of mobile title Free Fire, provided cash flow but continued to operate with few operational ties to the group’s retail and payment wings. Sea holds a market capitalization of $68 billion, trading at 44 times earnings with a gross margin of 44.34 percent.

    By comparison, Latin American peer MercadoLibre posted $19 billion in first-half revenue, though its net income slid 13 percent to $883 million under identical pressures from bad debt provisions and retail competition. Both operators demonstrate that defending marketplace supremacy in developing economies requires running integrated logistics and consumer credit arms directly on the corporate balance sheet.

    Investors are monitoring whether provisions inside the Monee lending portfolio stabilize ahead of the third-quarter financial filing.