Forrest Li on how Sea navigated “rocky seas” to achieve its 1st profitable year since IPO

Quick Summary:

Sea Limited's Chairman and CEO Forrest Li shares insight on how the company overcame challenges in the tech industry at SFF 2024 last week.

CNA’s Syahida Othman, the moderator for the fireside chat with Li, described the tech industry as cutthroat as the sector saw a series of layoffs, salary freezes, widening losses, and slower revenue growth.

At this moment, we give out the credit loans to consumers, [where] there’s more than 10 million people [in] Indonesia [who] have access and borrowed money from us.

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Article Details

Author / Journalist: Jayme Teo

Category: StartupsBusiness

Markets: SingaporeIndonesiaMalaysia

Topics: Singaporean startups Sea limited Fintech Tech giants Startups Singaporean Forrest li Singapore fintech festival 2024 Entrepreneur Editor's Picks

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 10:37:55 (4 days ago)

News Timezone: GMT +8:00

News Source URL: vulcanpost.com

Language: English

Article Length: 827 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Vulcan Post

News ID: 23601910

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About Vulcan Post

Main Topics: StartupsBusiness

Official Website: vulcanpost.com

Update Frequency: 1 posts per day

Year Established: 2015

Headquarters: Singapore

News Last Updated: 19 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #14

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