SEA
Singapore’s Sea achieves first full year annual profit since IPO
Singapore-based tech conglomerate Sea Limited has achieved its first full year of annual profit in 2023 since its initial public offering (IPO). The firm posted a net income of $162.7 million in 2023, as compared to total net loss of $1.7 billion in 2022.
Sea Limited posts unexpected net loss of $144M in third quarter despite revenue rises
Singapore-based tech conglomerate Sea Limited has posted a total net loss of $144 million in the third quarter, as compared to total net loss of $569.3 million for the third quarter of 2022. The year-on-year improvement of losses was mainly due to higher interest income in the third quarter of 2023.
Singapore’s SEA reports higher revenue and profit in the second quarter
Singapore-based tech conglomerate Sea Limited has reported higher revenue and profit in the second quarter, underpinned by improved e-commerce businesses. The group's total revenue for the second quarter rose 5.2 percent year on year to $3.1 billion. It posted a total net income of $331 million in the second quarter, as compared to total net loss of $931.2…
SEA achieves total net income of $87.3M in 1Q as revenue rises
Singapore-based tech conglomerate SEA Limited has achieved a total net income was of $87.3 million in the first quarter, as compared to total net loss of $580.1 million a year ago. The group's first quarter total revenue was $3 billion, up 4.9 percent year-on-year.
Sea’s revenue rises 25.1% year-on-year to $12.4B in 2022
Sea Limited, Singapore-based e-commerce giant, said Tuesday that its revenue rose 25.1 percent year on year to $12.4 billion in 2022, underpinned by e-commerce growth.
Shopee’s parent firm Sea to increase investment in Malaysia
Sea Ltd,a Singaporean global consumer internet company, through its e-commerce platform Shopee, has committed to expand its investments in Malaysia. SEA's proposed expansion plans in Malaysia involving the setting up of cloudservices, data hosting and processing, as well as new logistics e-commerce warehouse.
Sea Limited net loss widens in second quarter
Singapore-based consumer internet firm Sea Limited said Tuesday that its net loss in the second quarter has widened to $931.2 million from $433.7 million a year ago, amid higher expenses.
Top product managers in Southeast Asia share tips and best practices for budding PMs
Product experts share actionable insights from their years of product management. Find useful tips on different ways to structure a product team within an organization, communication amongst different stakeholders, and hiring PMs. Practical advice on beta testing and prioritization strategies will also be covered towards the end of this piece so do read to…
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.
