ASML Raises 2026 Sales Forecast as AI Chip Demand Surges 
SpaceX Starlink Restrictions Disrupt Ukraine Military Operations 
CVS Pharmacy Agrees to $315 Million Opioid Settlement 
Most Americans Oppose Election Betting on Prediction Markets, Poll Finds 
Interactive Brokers Launches Ethereum Staking With Zerohash 
Bumble Shares Surge 50% on $1 Billion Buyout Talks 
Tesla Holds $960 Million in Bitcoin as BTC Gains Top $710 Million 
Arm Breaches Qualcomm License Deal, Jury Awards $2 
Alibaba Unveils Qwen AI Smart Glasses, Shares Rise 2% 
Nvidia Invests in Four French AI Companies to Expand European Presence 
Nvidia’s China AI Chip Market Share Falls to 34% as Huawei Gains Ground 
Canton Network Expands Wall Street Reach With Ripple Integration 
Trezor Cuts Reseller Network After Ledger Security Breach 
Bank of America Hit With $1.2 Billion Fine Over Money Laundering Failures 
AT&T Sells Mexico Wireless Business to Televisa for $2 Billion 
Add as a preferred source on Google
Shopee Pte. Ltd., a technology subsidiary of Sea Limited that specializes in e-commerce, has opened its newest distribution center in Brazil. This is reportedly the third facility of the company this year, and it's the second largest in the Sau Paulo area.
With the new building, Shopee has brought the number of its distribution centers in the region to nine. The latest hub comes second to the one located in Santana de Parnaíba in terms of size.
Aiming for Better Customer Experience
The online shopping firm's new distribution center was opened in Guarulhos, which is close to the city of Sao Paulo. As per Reuters, Shopee first brought its marketplace to Brazil in 2020, and it was the brand's first venture outside of Asia. Today, it has more than three million merchant accounts which make up over 90% of Shopee's sales in the country.
Shopee's goal for setting up the new facility is to improve customer service for Brazilian shoppers. "The opening of the new space aims to increasingly improve the experience of Brazilian consumers and sellers by optimizing processes from product collection to delivery," the company said in a statement.
Opening of the Hub in Time for Shopping Season
Prior to this distribution center, Shopee also opened two other facilities this year, and these are located in Salvador and Recife and Salvador. CNN Brasil reported that the launch of the new unit comes just in time for the major retail season, called the Singles' Day. In Brazil, this is a period of sales promotions in November followed by Black Friday and the end-of-year parties.
Finally, aside from the nine distribution hubs that it already has, Shopee also owns about 100 smaller logistics centers in Brazil and over 1,400 collection and delivery points where sellers drop off orders, and Shopee delivers them to customers.
Photo by: TheGreatSG'rean/Wikimedia Commons (CC BY-SA 4.0)
