Sea, a Singapore-based e-commerce giant and parent company of Shopee, has announced its plans to expand its investments in Malaysia. The move is expected to create more than 2,000 jobs in the country.
During a visit to Sea’s headquarters in Singapore, Malaysia’s Minister of International Trade and Industry, Tengku Zafrul Aziz, stated that the company’s decision reflects its confidence in the country’s operational and policy stability.
As part of its expansion plans, Sea will be setting up cloud computing services, data hosting, processing, and a new e-commerce logistics warehouse in Malaysia. The three-story cloud computing facility will be located in Kulai, Johor and is expected to be completed in the first quarter of 2024. Additionally, Shopee will also expand its footprint with a new two-story hi-tech warehouse in Bukit Raja, Klang.
Tengku Zafrul expressed that this investment will not only create new jobs but also benefit the local communities by promoting local sourcing, vendor development, and the strengthening of the local industrial ecosystem. The minister’s investment mission to Singapore is in conjunction with the Prime Minister of Malaysia’s first official visit to the country.
Sea’s co-founder and group COO, Gang Ye, thanked the Minister and his team for their support of the company’s expansion plans. According to Bloomberg, Sea founder Forrest Li previously announced that the company will halt salary increases for employees who have not been promoted and has laid off more than 7,000 employees as of December 2022. The company’s focus will now be on profitability in the face of a challenging economy in 2023.
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