Sea Ltd
Company Profile
Business description
Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value and number of transactions. Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce, which is now the main growth driver. Shopee is a hybrid C2C and B2C marketplace platform operating in eight core markets. Indonesia accounts for 35% of GMV, with the rest split mainly among Taiwan, Vietnam, Thailand, Malaysia, and the Philippines. For Garena, Free Fire was the most downloaded game in January 2022 and accounted for 74% of gaming revenue in 2021. Sea’s third business, SeaMoney, provides lending and we foresee it becoming a larger part of the entire business in the long term as its loan book has grown to $3.5 billion in 2024.
Contact
1 Fusionopolis Place
No. 17-10, Galaxis
Singapore138522
SGPT: +65 62708100
Sector
Consumer Cyclical
Stock type
Cyclical
Industry
Internet Retail
Fiscal Year End
31 December 2024
Employees
62,700
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Markets
Index | Last price | Change | % Change |
|---|---|---|---|
| All Ordinaries | 8,634.60 | 67.60 | 0.79% |
| CAC 40 | 7,213.32 | 14.87 | 0.21% |
| DAX 40 | 19,146.17 | 141.39 | 0.74% |
| Dow JONES (US) | 43,870.35 | 461.88 | 1.06% |
| FTSE 100 | 8,149.27 | 64.20 | 0.79% |
| HKSE | 19,601.11 | 103.90 | -0.53% |
| NASDAQ | 18,972.42 | 6.28 | 0.03% |
| Nikkei 225 | 38,187.05 | 160.88 | 0.42% |
| NZX 50 Index | 12,918.97 | 153.73 | 1.20% |
| S&P 500 | 5,948.71 | 31.60 | 0.53% |
| S&P/ASX 200 | 8,391.50 | 68.50 | 0.82% |