Sea to Post First Profitable Year since IPO: CEO

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Sea to Post First Profitable Year since IPO: CEO

Deal Street Asia2023-12-26

Sea Ltd is set to record a profit for the year 2023-the Southeast Asian e-commerce group's first annual profitsince its initial public offering (IPO) in New York in 2017, CEO Forrest Li said in an ...

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After getting banned in Indonesia in September this year, TikTok returned to the countryin December following a partnership with GoTo.“Competition remains intense, and we are still actively strengthening our market leadership.. l see 2024 as being ayear we can thrive in, especially since we are entering it from a position of confidence and financial strength,\"Lisaid in an e-mail, according to The Business Times.Shopee currently competes in the e-commerce market in Southeast Asia with Alibaba-owned Lazada and Indonesia's homegrown player Tokopedia. However,TikTok Shop is catching up quickly in the region although itfaces regulatory hurdles in SE Asia's largest market.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":18,"commentSize":0,"repostSize":3,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}