Sea’s Sales Double as Asian Shoppers Go Online During Pandemic

Bloomberg2021-03-02

(Bloomberg) -- Sea Ltd. expects e-commerce revenue to double in 2021, sustaining its torrid pace of growth as Southeast Asia’s most valuable company counts on regional online shopping demand to ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

初生之犊不怕虎
2021-03-08
初生之犊不怕虎
It dropped so much~
HyperCat
2021-03-03
HyperCat
Buy Buy Buy
kC247
2021-03-03
kC247
Will not be an easy 2021 for Shopee as Lazada is coming strong.
wjin
2021-03-02
wjin
Their losses widened with higher revenue? Isn't that a bad thing?
- Alfred1007:
  as long as you are able to make people think you can make money, this doesn't matter....
Loveytan
2021-03-02
Loveytan
n
- naan:
  fantastic
- pkycme:
  Lol
木吉蒂
2021-03-02
木吉蒂
Half a Billion in Net Losses [驚嚇]

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1131103111?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-03-02 20:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1131103111","market":"us","top_or_hot":-1,"title":"Sea’s Sales Double as Asian Shoppers Go Online During Pandemic","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Sea Ltd. expects e-commerce revenue to double in 2021, sustaining its torrid pace of growth as Southeast Asia’s most valuable company counts on regional online shopping demand to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/sea-sales-double-asian-shoppers-113207589.html\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea’s Sales Double as Asian Shoppers Go Online During Pandemic</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea’s Sales Double as Asian Shoppers Go Online During Pandemic\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-02 20:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/sea-sales-double-asian-shoppers-113207589.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Sea Ltd. expects e-commerce revenue to double in 2021, sustaining its torrid pace of growth as Southeast Asia’s most valuable company counts on regional online shopping demand to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/sea-sales-double-asian-shoppers-113207589.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00700","symbol_name":"腾讯控股","start_time":0,"source_url":"https://finance.yahoo.com/news/sea-sales-double-asian-shoppers-113207589.html","article_id":"1131103111","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1131103111","pubTimestamp":1614687582,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"(Bloomberg) -- Sea Ltd. expects e-commerce revenue to double in 2021, sustaining its torrid pace of ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"00700":"腾讯控股","SE":"Sea Ltd"},"translate_title":"随着亚洲消费者在疫情期间上网，SEA的销售额翻了一番","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00700":0.9,"SE":0.9},"content_text":"(Bloomberg) -- Sea Ltd. expects e-commerce revenue to double in 2021, sustaining its torrid pace of growth as Southeast Asia’s most valuable company counts on regional online shopping demand to persist after the pandemic.Revenue rose to $1.6 billion in the last three months of 2020 from $777.2 million a year earlier, Singapore-based Sea said Tuesday in a statement. Net loss widened to $523.6 million from $283.8 million.Sea, backed by Tencent Holdings Ltd., has emerged as a stock-market sensation since its initial public offering in New York in 2017, as investors bet the company can establish itself as a leader in e-commerce and gaming in Southeast Asia. Among companies valued at $100 billion or more, the stock is the No. 1 performer in Asia since the start of last year and only trails Tesla Inc. globally.It’s also trying to establish fintech as a third growth driver. Sea said Tuesday it’s acquired 100% of Composite Capital Management, a Hong Kong-licensed global investment management firm. With the acquisition, the company is establishing Sea Capital, a platform to manage its overall investments.Asia’s Best-Performing Stock Gets to Justify 400% SurgeKey InsightsThe pandemic is helping to spur demand at Sea’s e-commerce business Shopee, with fourth-quarter sales increasing 178% to $842.2 million. Sea forecast 2021 revenue at Shopee of $4.5 billion to $4.7 billion, up from $2.2 billion in 2020.Hit mobile game Free Fire is fueling growth at Sea’s digital entertainment service Garena, whose sales last quarter rose 71.6% to $693.4 million. Sea forecast Garena’s annual bookings -- sales plus changes in deferred revenue -- will increase to $4.3 billion to $4.5 billion in 2021.Its e-wallet service gained traction, with payment volume exceeding $2.9 billion for the quarter and $7.8 billion for the full year. Sea is trying to build financial services into its third growth pillar.Get MoreSea Ltd 4Q Adjusted Ebitda Misses EstimatesFourth-quarter sales and marketing expenses climbed 95% to $665.2 million, led by digital financial services.For 2020, Sea posted total digital entertainment bookings of $3.2 billion.Annual revenue at Garena rose 77.5% to $2 billion.Market ReactionShares of Sea, which gained about 400% last year, rose 5.4% to $248.51 on Monday.Sea sours 7.84% premarket.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":329168119,"gmtCreate":1615215495231,"gmtModify":1704779708460,"author":{"id":"3577825706890308","authorId":"3577825706890308","name":"初生之犊不怕虎","avatar":"https://static.tigerbbs.com/9e9e3ba3a1ce02977a314be9dc0c47c4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577825706890308","authorIdStr":"3577825706890308"},"htmlText":"It dropped so much~","listText":"It dropped so much~","text":"It dropped so much~","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329168119","repostId":1131103111,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":365506760,"gmtCreate":1614754860650,"gmtModify":1704774800917,"author":{"id":"3570750402462573","authorId":"3570750402462573","name":"HyperCat","avatar":"https://static.tigerbbs.com/46d306d099586785cb11da80598e0c9e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3570750402462573","authorIdStr":"3570750402462573"},"htmlText":"Buy Buy Buy","listText":"Buy Buy Buy","text":"Buy Buy Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365506760","repostId":1131103111,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":365859764,"gmtCreate":1614729591358,"gmtModify":1704774481466,"author":{"id":"3556687184992627","authorId":"3556687184992627","name":"kC247","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3556687184992627","authorIdStr":"3556687184992627"},"htmlText":"Will not be an easy 2021&nbsp;for Shopee as Lazada is coming strong.&nbsp;","listText":"Will not be an easy 2021&nbsp;for Shopee as Lazada is coming strong.&nbsp;","text":"Will not be an easy 2021 for Shopee as Lazada is coming strong.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365859764","repostId":1131103111,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":365953814,"gmtCreate":1614692437838,"gmtModify":1704774087109,"author":{"id":"3574677943452630","authorId":"3574677943452630","name":"wjin","avatar":"https://static.tigerbbs.com/1248b36ec26ec6447267ab88236f9404","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574677943452630","authorIdStr":"3574677943452630"},"htmlText":"Their losses widened with higher revenue? Isn't that&nbsp;a bad thing?","listText":"Their losses widened with higher revenue? Isn't that&nbsp;a bad thing?","text":"Their losses widened with higher revenue? Isn't that a bad thing?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/365953814","repostId":1131103111,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3697962,"gmtCreate":1614693614334,"gmtModify":1680778877301,"authorId":3570656625926041,"author":{"id":3570656625926041,"idStr":"3570656625926041","authorId":3570656625926041,"name":"Alfred1007","avatar":"https://static.tigerbbs.com/81d8406380cbc0525927f00a9510f2fa","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":365953814,"type":1,"supId":0,"prevId":0,"content":"<p>as long as you are able to make people think you can make money, this doesn't matter....</p>","text":"<p>as long as you are able to make people think you can make money, this doesn't matter....</p>","html":"<p>as long as you are able to make people think you can make money, this doesn't matter....</p>"}],"langContent":"EN"},{"id":365950534,"gmtCreate":1614692222928,"gmtModify":1704774084517,"author":{"id":"3572158983231416","authorId":"3572158983231416","name":"Loveytan","avatar":"https://static.tigerbbs.com/34c80695455223ae87f77cb5adb10f85","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3572158983231416","authorIdStr":"3572158983231416"},"htmlText":"n","listText":"n","text":"n","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/365950534","repostId":1131103111,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3702831,"gmtCreate":1614745375197,"gmtModify":1680778960391,"authorId":3574400316429410,"author":{"id":3574400316429410,"idStr":"3574400316429410","authorId":3574400316429410,"name":"naan","avatar":"https://static.tigerbbs.com/5846811c3194d2eaeac65a7165552bc1","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":365950534,"type":1,"supId":0,"prevId":0,"content":"fantastic","text":"fantastic","html":"fantastic"},{"id":3697839,"gmtCreate":1614692342255,"gmtModify":1680778882801,"authorId":3572041120390941,"author":{"id":3572041120390941,"idStr":"3572041120390941","authorId":3572041120390941,"name":"pkycme","avatar":"https://static.tigerbbs.com/2c8abf6e02924915f7b31ba778563bcc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":365950534,"type":1,"supId":0,"prevId":0,"content":"<u>Lol</u>","text":"<u>Lol</u>","html":"<u>Lol</u>"}],"langContent":"EN"},{"id":365922871,"gmtCreate":1614691712793,"gmtModify":1704774081431,"author":{"id":"3577229760496516","authorId":"3577229760496516","name":"木吉蒂","avatar":"https://static.tigerbbs.com/89290f2c42589f1e42296c61dde71238","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0,"idStr":"3577229760496516","authorIdStr":"3577229760496516"},"htmlText":"Half a Billion in Net Losses&nbsp;[驚嚇]&nbsp;","listText":"Half a Billion in Net Losses&nbsp;[驚嚇]&nbsp;","text":"Half a Billion in Net Losses [驚嚇]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365922871","repostId":1131103111,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":70,"commentSize":28,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1131103111"}