$Sea Ltd(SE)$Latest results shows that the growth story has disintegrated. Profits earned from Garena is declining and losses from Shopee is growing. GMV has slowed and seamoney is not growing fast
Sea Money is unlikely to be the Winner in South East Asia Space
No doubt, South East Asia has a large population of unbanked individuals where Sea could tap on. However, it has two major competitors in Grab and Go-to.-to.-to.
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