Singapore’s Sea Ltd., one of Southeast Asia’s biggest internet companies, said its Shopee e-commerce app will shut down its operations in India, just several months after it entered the market. The move is part of Sea’s broader efforts to review its strategy for global expansion and focus its investments on the most promising markets such as Brazil, where Shopee has already become a major...
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Chinese Investment Giant Hillhouse Capital Seeks to Expand Outside China
Hillhouse Capital Group, the Chinese sprawling investment powerhouse that has drawn comparisons to Tiger Global Management, has a new challenge: growing outside China. The firm is best known for investments in Chinese tech giants such as Tencent, JD.com, Didi Global and TikTok owner ByteDance. But the devastation of China’s private equity and venture capital sectors, caused by...
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