Sea Limited invests in logistics arm SPX Express, following MercadoLibre's strategy, leading to faster delivery times and growth.
Sea Limited, Singapore's tech giant, follows MercadoLibre's e-commerce logistics strategy, investing in its logistics arm, SPX Express. MercadoLibre's growth over the past five years, with a 200% stock increase and 53 million active buyers, showcases the importance of efficient logistics. Sea's investment in SPX Express has led to faster delivery times and a 57% YoY increase in Shopee orders, demonstrating potential for significant growth opportunities.
May 19, 2024
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