News
Shopee spree continues with layoffs in China and Indonesia
Shopee is cutting jobs in China, Indonesia and elsewhere as Sea Ltd struggles to reassure investors it can achieve self-sufficiency within 18 months. Read more…
Sea Ltd
News
Sea Ltd shuts down Shopee operations across Latin America
Sea Ltd’s e-commerce arm Shopee told employees it was shutting down local operations in Chile, Colombia, and Mexico and leaving Argentina entirely. Read more…
News
Shopee rescinds job offers in the wake of Sea losses
Shopee has rescinded dozens of job offers in the past two weeks, shortly after parent company Sea Ltd reported widening losses and sharply slower revenue growth Read more…
News
Grab and Sea among winners of digital banking licenses in Malaysia
Bank Negara Malaysia (BNM) has issued digital banking licenses to five players, including consortiums led by Grab-Singtel and Sea. Read more…
News
Grab and Sea plot comeback strategies as market caps nosedive
Grab and Sea Ltd sink to the bottom of the MSCI Asean Index and lose a combined $71 billion in market value. They have plans to get it back. Read more…
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Sea is pulling Shopee from India as overseas expansion drive fizzles
Sea Ltd is withdrawing Shopee from India’s retail market just months after starting operations there, the second pullback this month. Read more…
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Garena woes knock $127b off Sea Ltd’s market value
Sea Ltd reported a Q4 net loss of $10.4 billion and a $127 billion drop in market value due to weak performance from its gaming unit Garena. Read more…
News
Singapore complains to India over ‘Free Fire’ game ban
Singapore has raised concerns with India about Sea’s “Free Fire” game being included in its sweeping Chinese app bans. Read more…
News
Singapore-based gaming and e-commerce company Sea Ltd raises $6bn
Singapore-based gaming and e-commerce company Sea Ltd has raised about $6 billion, making it Southeast Asia’s largest fundraising. Read more…