Sea fell about 7% in morning trading Monday

Tiger Newspress2021-05-10

(May 10) Sea fell about 7% in morning trading Monday.

Sea says it has both the largest digital entertainment platform and the largest e-commerce operation in the Southeast Asia region, comprised of Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia and Singapore. Its market reach extends to Latin America.

Many Americans aren't familiar with Sea Limited But if you live in Southeast Asia or Latin America, chances are you're a fan of the company'sFree Firemobile game. It's the highest-grossing mobile game in the fast-growing regions.

Sea Limited is agaming stock with a killer advantage. Free Fire doesn't cost anything to download. However, players pay to buy additional weapons or enhance their characters. That personal investment makes them more likely to keep playing. And it generated over $2 billion in revenue for Sea Limited last year.

The stock ranks as the No. 10 holding in Wood's ARK Next Generation Internet ETF and is No. 18 in her flagship ARK Innovation ETF. But Sea Limited isn't just an internet gaming stock; it's also a fast-growingfintech stock. It claims the No. 2 spot in the ARK Fintech Innovation ETF.

Sea Limited's e-commerce revenue more than doubled in 2020. The company's Shopee platform is the largest e-commerce site in Indonesia. Thanks to Shopee's success, the SeaMoney digital wallet is gaining momentum in Southeast Asia.

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Comments

  • Miracle156
    2021-05-12
    Miracle156
    Same here
  • Chris1368
    2021-05-11
    Chris1368
    Monday colour = Red , what is Tuesday colour? Will it be 'green' ?
  • MarcO
    2021-05-11
    MarcO
    All markets are dipping. Pls comment and like
  • HMian
    2021-05-11
    HMian
    Shld buy low if able to
    • ShuJie: 
      Yes buy when low and hold
    • MarcO: 
      true

      pls like and comment

  • tungngie
    2021-05-11
    tungngie
    Ouch. Hehe. I average down during pre market. Aiks. No mention of why it drops 7% ah.
  • Klord
    2021-05-11
    Klord
    Ouchhhhh
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