One of South East Asia's largest eCommerce players just announced results. eCommerce accelerated from 64.8% to 74.3% YoY growth rate Q4 to Q1.
https://seekingalpha.com/pr/17873825-sea-limited-reports-first-quarter-2020-resultsThis was their CV-19 commentary:-
“The coronavirus crisis is driving a step change in the growth of the digital economy globally, materially accelerating a shift to online lifestyles that is broad, deep, and, in our view, irreversible. We believe that Sea, as a market leader in some of the key sectors of the digital economy, is gaining and will continue to gain a disproportionate share of the resulting growth in our markets. Like all businesses, Sea has been stress-tested by the crisis. Our robust performance through the first quarter and beyond, as we responded to surges in user demands and navigated significant disruption, underlines the fundamental strength, resilience, and adaptability of our business. We believe this will, in the long run, enable us to capture the further accelerated and expanded growth opportunities presented to all of our core businesses across our markets.”
Are you not entertained?
KM
