Sea faces prospect of depleting fuel for Shopee dream
For the first time since its listing, the company guided that its gaming business could see a year-on-year decline
Add BT as a preferred source
Singapore
INTERNET company Sea's full-year results on Tuesday (Mar 1) might have confirmed some investors' worst fears about the growth potential of the business, leading to an US$11 billion fall in its market value in a single day.
For the first time since its listing, Sea guided that its gaming business could see a year-on-year decline. This raises some concerns about the continued viability of Sea's ambitious e-commerce plans, which have been key to the stock's rapid ascent.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Surbana Jurong group CEO Sean Chiao to step down; search for successor under way
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
