Singapore – Shopee has once again unveiled in its inaugural Shopee Brands Summit the list of new initiatives it has in store for brands this 2022. Last year, the platform launched the ‘Regional Champion Brands Program’, a by-invite program that will comprise 16 brands that will receive priority support from Shopee. This year, Shopee announced exciting new features and programs including enhancing its partnership with premium brands where four new regional campaigns are slated to boost the presence of premium brands on the platform.
According to Shopee, it experienced a strong growth momentum on its Shopee Mall in 2021, where the majority of Shopee’s brand partners more than doubled their Gross Merchandise Value (GMV) year on year as they adapted to major shifts in the retail landscape.
Shopee also said that Shopee Mall saw an eightfold increase in the number of users shopping online at least once a month during the last two years of the pandemic. With the new initiatives, the e-commerce platform wanted to help more businesses capture this growing base of new and existing digital consumers.
First off, Shopee revealed that it will be introducing a new kind of mega shopping event in March to deliver greater excitement and deals for shoppers in the first half of the year. On the four new Shopee Premium regional campaigns, meanwhile, the campaigns were put in place to help premium brands cater to the increasing demand for premium and luxury products online.
Moreover, Shopee will be driving higher business performance with innovative solutions, including Facebook Ads on Seller Center, which enables sellers to create and manage campaigns easily and quickly, and a new Shopee Display ads, which allows brands to purchase new homepage banner display ads to showcase their campaigns. There will also be a new Customer Intelligence dashboard where brands can now access more insights on shopper demographics and segmentation.
And lastly, the platform will also be elevating brand experiences with upgraded engagement tools and features like a new sampling channel and the Shopee BeautyCam. The new sampling channel will allow consumers to try products before purchasing online, while Shopee BeautyCam is an AR-enabled makeup try-on tool with new functions such as more color shades and filters.
Shopee will also be launching Shopee Mall Brand Memberships, a tool that enables integration of the online and offline CRM program for brands, and an enhanced Shopee Live, which now uses AI to recommend more personalized live stream content and deals based on shopping behavior and user interests.
Terence Pang, Shopee’s chief operating officer, shared that as retail becomes hyper-digital and shopping online becomes integral to people’s lives, they believe that there is huge room for growth in SEA.
“By working together with our brand partners, we will continue to expand and enhance Shopee Mall to serve more customers and scale to greater heights. I would like to congratulate our partners for their achievements last year, and look forward to creating better brand experiences for our users in the year ahead,” said Pang.
In the event, Shopee has also unveiled the five brand partners who made it to the 2021-launched ‘Shopee 100 Million Dollar Club’ which are L’Oreal Group, Oppo, and realme, as well as Samsung and Xiaomi.
The exclusive program awards US$100m-valued brands with bonus perks, including a dedicated regional brand campaign. Following the success, Shopee said it will continue to support the 20 brand partners onboarded this year with priority access to new initiatives and campaigns that will deliver high business impact.