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Sea Ltd Stock Tumbles After TikTok-GoTo Deal Threatens Indonesian Market Share
Monday, December 11, 2023 - 12:49pm | 494Shares in Sea Ltd (NYSE:SE) fell sharply in early trade after TikTok, the video hosting platform, reported it was taking a controlling stake in the e-commerce subsidiary of GoTo Gojek Tokopedia, Indonesia’s biggest tech company. Sea Ltd owns e-commerce platform Shopee — the largest online...
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Singapore's E-Commerce Giant Cracks Down On Sale Of Weight-Loss Drug Popularized By Kim Kardashian And Elon Musk: 'Putting Health At Risk,' Says Expert
Wednesday, July 5, 2023 - 2:45am | 474E-commerce platform Shopee has halted the sale of the diabetes drug Ozempic, Free Malaysia Today reports. Shopee has removed the drug listings and taken action against the sellers. The company reminded sellers of their responsibility to comply with local regulations and Shopee’s own...
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BofA Upgrades Sea After 45% Stock Selloff, 2022 Guidance Will Be Critical
Monday, January 3, 2022 - 10:58am | 249Sea Ltd’s (NYSE: SE) stock has lost around 45% from its peak, with the prospects of a near-term gaming slowdown and concerns around growing ecommerce losses due to expansion in Europe and India largely priced into the stock, according to BofA Securities. The Sea Analyst: Sachin...
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Amazon Founder Jeff Bezos Invests In Indonesian Ecommerce Company: What Investors Should Know
Sunday, October 3, 2021 - 4:16pm | 429One of the richest people in the world gained his wealth by creating a leading ecommerce company. He is also among the investors in an Indonesian ecommerce company, but is doing so on his own and not with his company. What Happened: Jeff Bezos, the founder of Amazon.com Inc (NASDAQ: AMZN), is...
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Singapore's Sea Limited Pushes For Fintech Growth With Bank Acquisition
Wednesday, January 13, 2021 - 12:22pm | 478Sea Limited (NYSE: SE) was a top performing stock in 2020, with shares up over 400% on the strength of its gaming and e-commerce businesses. The company is now looking to fintech for further growth in Southeast Asia. What Happened: Bank Kesejahteraan Ekonomi of Indonesia, also known...
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Why Sea Limited Is Up 240% This Year And Worth More Than Activision, Nintendo
Monday, September 14, 2020 - 7:45am | 644Singapore tech company Sea Limited (NYSE: SE) has seen its shares surge in 2020 thanks to its dominant position in video games and growing e-commerce business. About Sea Limited: Sea Limited operates with three main business segments. Garena is a developer of games and an esports organizer. Shopee...