SCI Ecommerce operates in the ecommerce sector and has been strengthening its technology capabilities through acquisitions and leadership changes. The company booked a profit of $34.7 million in 2023, a ten-fold increase over the prior year, on revenue of $492 million, which grew 2.8%. Operating cash flow for 2023 was negative $51.18 million, an improvement of 322% year-on-year. In June 2025, former Lazada executive Magnus Ekbom was appointed Group CEO, replacing founder Joseph Liu, and SCI Ecommerce simultaneously acquired Ekbom’s AI startup SEAI Technologies. Earlier reports indicated that the firm had been preparing for an IPO targeted for mid-2025, though the listing did not occur last year. Asia Partners has steadily increased its ownership and is now the largest shareholder, signalling strong investor confidence. The company continues to position itself for public-market readiness through governance, technology upgrades and capital raises.

Total raised

$32M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2026