Singaporean tech conglomerate Sea announced that it will be creating more than 2,000 in Malaysia as part of its expanded investment plan in the country.
Sea operates three core businesses across digital entertainment, e-commerce, as well as digital payments and financial services known as Garena, Shopee, and SeaMoney.
ShopeePay is SeaMoney’s mobile wallet available in Indonesia, Singapore, Malaysia, Vietnam, the Philippines, and Thailand.
The proposed expansion plans in Malaysia involves the setting up of cloud services, data hosting and processing, as well as a new logistics e-commerce warehouse.
This decision was shared with the Minister of International Trade and Industry (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, during his visit to Sea, where Shopee’s headquarters is also located.
Tengku Zafrul said,
“SEA Limited’s decision to expand its investment footprint in Malaysia clearly reflects its confidence in the prospects, as well as the operational and policy stability of Malaysia’s business landscape.
Their planned FDI in cloud computing and hi-tech warehousing are set to create 2,000 new jobs for our people, which will also help us upskill our human capital, while enhancing national productivity and competitiveness in the long run.”
Ye Gang, Sea’s Co-founder & Group Chief Operating Officer said,
“This is a significant development not just for Sea but for the local digital ecosystem. We are grateful for the support of the Minister of International Trade and Industry [and his team] for our expansion plans and business strategies.
Our aim is to enable and support the growth of the overall ecosystem, empowering more players to benefit from the opportunities that this will create. We are also committed to supporting the creation of more employment opportunities that will drive Malaysia’s economic growth.”
