Sea tops profit estimates after fending off TikTok, Lazada

Quick Summary:

SINGAPORE – Sea Ltd.’s e-commerce arm turned its first quarterly profit on an adjusted basis, a sign it’s holding its own against bigger Chinese rivals in Southeast Asian markets like Indonesia.

Sea’s more-profitable gaming unit Garena has supported the company’s finances as it’s built out its e-commerce operations.

Once one of Asia’s hottest e-commerce players that lost some of its steam, the company is now trying to convince investors of its long-term earnings potential.

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Article Details

Category: EconomyBusiness

Markets: SingaporeBrazilIndonesia

Topics: Shopee E-commerce Rivals Southeast Company Sea’s Singapore Billion First Million ’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 20:05:39 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 510 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 18 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 23553599

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