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
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.
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