$Sea Ltd(SE)$ Too much cash was spent on logistics with the number of orders at historical high.

I hope the management shows more tack on economizing logistics cost, especially now that we've reached a relatively big scale.

Sales and marketing expense has also risen 2X y-o-y, but this is somewhat more tolerable.

Fix these two and earnings would not be as laggard as now.[LOL][LOL][LOL]

# AI Companies and Industry DIG

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