A UP2Tech, a global technology and innovation company, announced a partnership with Shopee, one of the world's leading e-commerce platforms. With this partnership, UP2Tech expands its presence in digital retail, establishing itself as one of the leading technology distributors in Brazil.
The company will begin selling high-value products such as PlayStation, laptops, and TVs directly on Shopee, strengthening its presence in e-commerce and expanding its reach to the end consumer. In a meeting with Shopee executives, Chris Feng, Sea Group president, Pine Kyaw – Country Manager, and Felipe Lima – Head of Business Development Brazil, the expectation is that the partnership will generate a revenue of R$20 million per month, representing a 1000% growth compared to the previous year.
After a successful 2024, with a revenue of R$500 million, UP2Tech projects growth to R$1 billion in 2025. By 2026, the expectations are even more ambitious, with the goal of surpassing R$2 billion.
In addition to Shopee, UP2Tech already operates directly on the country's largest marketplaces, such as Mercado Livre, Amazon, Magalu, Kabum, Kalunga, Carrefour, B2W, and Via Varejo, as well as regional retailers. With over 10 years of experience in the telecommunications, IT, and electronics market, the company stands out for its agility in distribution and curated selection of innovative products.
"It is with great enthusiasm that we announce this partnership, which further strengthens our commitment to bringing cutting-edge technology to Brazilian consumers. By integrating brands so present in the daily lives of Brazilians into our portfolio, we ensure that these products reach their final destination quickly and affordably," says Rodrigo Abreu (Kalu), CEO of UP2Tech.
With this new phase, UP2Tech strengthens its position as one of the leading players in the technology distribution market, expanding its presence in e-commerce and driving its growth in the coming years.
