Sea Ltd. jumped 9% after reporting a doubling in revenue, providing more ammunition to investors betting the Singaporean company backed by Tencent Holdings Ltd. could become the next Asian internet colossus.
Sea’s total revenue rose to $882 million in the three months ended June, driven by growth at e-commerce platform Shopee and gaming arm Garena. Its shares gained their most in a month even though it reported net losses widened more than 40% to $393 million, cementing its position as the world’s best-performing large-cap stock over the past 18 months.
https://www.bloomberg.com/news/articles/2020-08-18/tencent-backed-sea-s-sales-double-in-e-commerce-gaming-boom
Sea Ltd bring in BNPL in SE Asia, page-3
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