Sea Ltd

Singapore’s Sea Ltd winds down investment arm – report

New York-listed Sea launched Sea Capital in March 2021 with initial capital of $1 billion after buying Hong Kong's Composite Capital Management.

Sea Ltd’s top management to forgo salaries as firm cuts cost – report

The company’s main objective for the next 12 to 18 months is to achieve positive cash flow as soon as possible.

Singapore’s Sea Ltd prepares move into Indonesia’s insurance sector – report

The US-listed tech firm has prepared plans to acquire an insurance company in Indonesia, Financial Times reported on Wednesday, quoting two people close to the discussions.

Sea Ltd’s Shopee to close down India operations – report

Shopee reportedly said in its statement it would work "to support local seller and buyer communities and our local team to make the process as smooth as possible".

Sea Ltd’s Shopee exits France months after entering Europe – report

France was one of the most significant new markets for Sea, which has been embarking on an aggressive international push last year to drive growth beyond Southeast Asia.

Tencent divests 2.6% of equity interest in Singapore’s Sea Ltd

Tencent’s voting power to be reduced below 10 percent following the transaction and proposed share conversion.

Southeast Asia’s Top 10 tech news in 2021

It’s that time of the year again when we take a look back at what had happened during the year in the tech and startup scene.

Sea’s Shopee launches food delivery service in Malaysia rivalling GrabFood, Foodpanda

ShopeeFood will be competing with other food delivery players including ride-hailing giant Grab's GrabFood and German-based Delivery Hero's subsidiary Foodpanda.

Sea Group office and logo

Singapore’s Sea aims to raise $6.3B in share & convertible bond sale

The company plans to use the net proceeds from the offerings for business expansion and other general corporate purposes, including potential strategic investments and acquisitions.