Crisis & Opportunities
Earlier this year, local consumer internet firm, Sea Ltd, surpassed DBS Group Holdings to become Singapore’s most valuable homegrown public company, and its lead continues to widen amidst the acceleration in digitalisation and shifting consumer habits during this pandemic. In the past 18 months alone, its shares have risen in value by more than 880%, with Bloomberg coining it “The World’s hottest Stock”.
A young company founded in 2009, Sea group, parent of Shopee, Garena and SeaMoney, has established itself as a mega player in the global market, and this is no short of an extraordinary achievement. In just 5 years, Shopee has managed to expand into 6 other countries, and has overtaken Lazada to become Southeast Asia’s top online shopping platform.
While this might not seem like the most intuitive time to expand into international markets, where there are crises, there are opportunities to adapt and thrive, especially in the digital space. VKT extends digital sales & marketing growth programs with a strong focus on digital performance under the Enterprise Development Grant (EDG). Please do not hesitate to approach us to help you explore possibilities for an expansion into new markets.