Sea Group faces choppier waters
After a period of smooth sailing, conditions have turned against South-East Asia’s super-app
THROUGHOUT MOST of the pandemic Sea Group, a Singaporean super-app, had wind in its sails. Both its e-commerce business, Shopee, and its gaming unit, Garena, were thriving thanks to growing appetite for all things digital. In October Sea’s stockmarket value surpassed $200bn, making it the first South-East Asian stock in history to break into the exclusive ranks of the world’s mega-cap companies.
This article appeared in the Business section of the print edition under the headline “Perfect storm”
Business February 26th 2022
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