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Shopee’s ecommerce sales spike and its impact on the retailer’s business

Shopee CEO Scott Waddell said on Monday that the ecommerce giant’s sales rose to $1.6 billion in the fourth quarter of 2016, a nearly 20 percent jump from the same period in 2015.Shopee said its total revenues rose more than 50 percent in the quarter, and its adjusted EBITDA, or income before interest, taxes, depreciation