$Sea Ltd(SE)$ SE would be dead

$Sea Ltd(SE)$ SE would be dead long ago if not for investors.

Amazon $Amazon.com(AMZN)$ has much more scale, robots and tech to do ecommerce and yet, they make tiny margins. It is a tough biz.

Shopee does not have Amazon's efficiency. They may possibly make losses and go down one day. It is a badly run company that has burnt a ton of investors and does not have a business moat over others like lazada, etc.

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