India resists China?
The decision to retreat from the market comes as Singaporean owner $Sea (SE.US)$ has faced other challenges in India over suspected China ties, but Shopee denied that local regulations were a factor.
Since 2020, India has banned more than 200 Chinese apps, including Tencent Holdings’ super app WeChat and ByteDance’s short-video sharing platform TikTok.
Since 2020, India has banned more than 200 Chinese apps, including Tencent Holdings’ super app WeChat and ByteDance’s short-video sharing platform TikTok.
One local industry group that opposed Shopee’s presence in India was quick to celebrate the company’s withdrawal. The trade body Confederation of All India Traders (CAIT) said on Twitter that it “welcomes … Shopee’s exit from India”.
So do you think sea's exit from the Indian market has something to do with China?
So do you think sea's exit from the Indian market has something to do with China?
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