Sea Group
SEA Group’s revenue up 17 percent year on year in 3Q
Singapore-based consumer internet company SEA Group announced Tuesday that the group's revenue rose 17.4 percent year on year to $3.2 billion in the third quarter ended September 30, 2022, as its e-commerce revenue surged. The group's e-commerce revenue for the third quarter jumped 32.4 percent year on year to $1.9 billion.
Sea makes major FinTech push as it acquires Indonesia’s Bank BKE
With this acquisition, Sea, which is regarded as Southeast Asia’s most valuable company, strengthens its foothold in the FinTech sector. The company is inching closer towards its goal of becoming the financial technology leader in the ASEAN region.
Sea Group set to secure up to $2.6B through American depositary share offering
Sea Group announced its intention to offer 11M American depositary shares, which can raise $2.2 billion for the company. It also intends to give the underwriters an option to buy up to 1.65 million additional shares, which can yield an additional $300 million to $400 million for the company.
Shopee is now an $8 billion juggernaut
The Lazada arch-rival app just hit a consumer spending record.
Shopee’s explosive growth pushes Sea to near $1b revenue
April orders up 140% as lockdowns boost Shopee usage.
