Sea Ltd

Affordability a key focus as food delivery platforms continue to grow: Momentum Works

This has driven down average order value, but the net effect is faster gross merchandise value growth

At the festival, SPH Media presented a token of appreciation to UOB for its support of ChildAid, a charity concert organised by The Business Times and The Straits Times. From left: BT editor Chen Huifen; SPH Media deputy CEO Kuek Yu Chuang; UOB head of group corporate social responsibility Leonard Tan; SPH English/Malay/Tamil Media group editor-in-chief Wong Wei Kong; and ST editor Jaime Ho.
TAKING HEART

Sing60 ends on a high note for charity

More than 60 home-grown acts across several genres performed at the two-day music festival

PM Lawrence Wong (in red) and Forrest Li (in blue), chairman and group CEO of Sea, with youth from the Gift a Guitar programme and Gift a Guitar Band members.

Sea’s S$650,000 bid for PM Wong’s guitar to support music dreams of underserved youth

The contribution also supports performance platforms such as the Sing60 Music Festival

Sea's share repurchases may include open market purchases, privately negotiated transactions, block trades, derivative transactions, trading plans or any combination of such methods.

Sea announces first share buyback of up to US$1 billion

The timing and amount of the buybacks will be determined based on market conditions and other factors

Singapore-based Sea doubled its Q3 earnings to US$375 million – a 144.6% increase from US$153.3 million in the year-ago period.
BROKERS’ TAKE

Maybank cuts Sea target price with ‘hold’ call on softer Shopee margins, HSBC maintains ‘buy’ call

Tech company’s prioritisation of growth and building of competitive moats could ‘slow near-term monetisation gains’, says Maybank Research

Sea's digital entertainment arm, Garena, had its best quarter bookings since the pandemic.

Sea doubles profit to US$375 million for Q3

Revenue for the group is up 38.3% at US$6 billion

Sea is expected to release its Q3 results in mid-November.

Garena could fire Sea towards US$1t market cap dream, but Shopee growth plans weigh on near-term sentiment

Reinvestments to support business expansion reflect its focus on revenue growth over profitability, analysts say

Sea has doubled down on AI, integrating the technology into its daily operations in areas such as customer service and gaming.

Sea CEO Forrest Li sees path to US$1 trillion market cap with help of AI

But the company is battling deep-pocketed global challengers, including TikTok Shop and Lazada

From left: Jeff Johnson, managing director of Asean in Amazon Web Services; Ye Gang, chief operating officer and co-founder, Sea; Tan Teck Long, deputy chief executive, OCBC; and Anita Gabriel, deputy news editor, BT, who moderated the session.

The new Asian playbook: Industry leaders weigh in on competing in AI and green

Artificial intelligence creates huge value, but the region’s challenge lies in boosting its own relevance among the larger players

This year's edition of the premier thought leadership conference will take place at The Ritz-Carlton, Millenia Singapore from Oct 8 to 9.

Asia Future Summit exclusive: Business leaders to reveal playbook on how firms can leverage, lead Asia’s charge

The session will feature Sea co-founder Gang Ye, OCBC deputy CEO Tan Teck Long and AWS’ Asean chief Jeff Johnson