Shopee-owner Sea surpasses revenue estimates on strong e-commerce demand

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:Sea Ltd beat third-quarter revenue estimates on Tuesday, helped by steady growth in its e-commerce, entertainment and financial services businesses, sending shares of the Southeast Asian technology firm up nearly 10 per cent before the bell.

The application is available mostly in South East Asia and Brazil after exiting India, and some markets in Europe and Latin America.

"As we continue to focus on delivering growth, we expect Shopee to remain profitable going forward," he added.

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Article Details

Category: EconomyBusiness

Markets: SingaporeBrazilIndiaTaiwan

Topics: Southeast Asia Company Billion Financial Shopee Cent Revenue Services E-commerce Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 19:34:37 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 324 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 23553642

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Official Website: channelnewsasia.com

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News Last Updated: 2 hours ago

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