This is a good move. India is

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ashk3
2022-03-29

This is a good move. India is a competitive market which will take a lot of money to compete in before it can be profitable.

Why Sea Limited Inched Higher Today

The company is pulling one of its key businesses from the Indian market.

Why Sea Limited Inched Higher Today

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IAS
·2022-03-29
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India is a competitive market which will take a lot of money to compete in before it can be profitable.","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9019911046","repostId":2223819932,"repostType":4,"repost":{"id":"2223819932","kind":"highlight","pubTimestamp":1648510572,"share":"https://www.laohu8.com/m/news/2223819932?lang=&edition=full","pubTime":"2022-03-29 07:36","market":"us","language":"en","title":"Why Sea Limited Inched Higher Today","url":"https://stock-news.laohu8.com/highlight/detail?id=2223819932","media":"Motley Fool","summary":"The company is pulling one of its key businesses from the Indian market.","content":"<html><head></head><body><h4><b>What happened</b></h4><p><a href=\"https://laohu8.com/S/SE\">Sea Limited</a> stock wasn&#39;t exactly a big gainer on Monday, but in contrast to numerous recent trading sessions, it managed to eke out a 0.7% gain over the course of the day. Investors, it seemed, were cautiously optimistic about the company&#39;s pull-back from a big market in its backyard.<img src=\"https://static.tigerbbs.com/1dd787cc7332bf5e3c67a599d6a48dc6\" tg-width=\"932\" tg-height=\"675\" width=\"100%\" height=\"auto\"/><b>So what</b></p><p>Singapore-based <a href=\"https://laohu8.com/S/SE\">Sea Limited</a> announced that it would be ceasing the operations of its e-commerce unit Shopee in India. The company isn&#39;t wasting any time with the move; it said it will begin the withdrawal on March 29.</p><p>Reuters quoted a company statement indicating that the withdrawal is being made &#34;in view of global market uncertainties.&#34; Shopee also pledged to make &#34;the process as smooth as possible.&#34;</p><p>This is the second time in a month that Sea has halted Shopee operations in big markets abroad. It recently withdrew from France as well.</p><p>Sea has had a difficult and challenging March. At the start of the month, it reported fourth-quarter results that revealed a net loss far deeper than analysts expected. Since then, many analysts have grown more bearish on the stock.</p><h4><b>Now what</b></h4><p>That view might be changing, however. Several analysts weighed in positively on Sea&#39;s decision to pull Shopee from the Indian market. One was <b><a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a></b>&#39;s Mark Goodridge, who believes that the company is being prudent by withdrawing from a challenging market, and the move will help limit Shopee&#39;s losses.</p><p><b>UBS</b> prognosticator Navin Killa also considers the pull-out to be a plus for Sea, as it shows the company is realizing its goal of a &#34;more calibrated&#34; approach to international markets. Killa added that, in addition, &#34;it removes the potential of high cash burn from competing with an ultra-competitive Indian e-commerce market with global and local giants such as <b>Amazon</b>, Flipkart, and JioMart.&#34;</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Sea Limited Inched Higher Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Sea Limited Inched Higher Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 07:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/03/28/why-sea-limited-inched-higher-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happenedSea Limited stock wasn't exactly a big gainer on Monday, but in contrast to numerous recent trading sessions, it managed to eke out a 0.7% gain over the course of the day. Investors, it ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/28/why-sea-limited-inched-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd","BK4505":"高瓴资本持仓","BK4139":"生物科技","BK4526":"热门中概股","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4535":"淡马锡持仓"},"source_url":"https://www.fool.com/investing/2022/03/28/why-sea-limited-inched-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2223819932","content_text":"What happenedSea Limited stock wasn't exactly a big gainer on Monday, but in contrast to numerous recent trading sessions, it managed to eke out a 0.7% gain over the course of the day. Investors, it seemed, were cautiously optimistic about the company's pull-back from a big market in its backyard.So whatSingapore-based Sea Limited announced that it would be ceasing the operations of its e-commerce unit Shopee in India. The company isn't wasting any time with the move; it said it will begin the withdrawal on March 29.Reuters quoted a company statement indicating that the withdrawal is being made \"in view of global market uncertainties.\" Shopee also pledged to make \"the process as smooth as possible.\"This is the second time in a month that Sea has halted Shopee operations in big markets abroad. It recently withdrew from France as well.Sea has had a difficult and challenging March. At the start of the month, it reported fourth-quarter results that revealed a net loss far deeper than analysts expected. Since then, many analysts have grown more bearish on the stock.Now whatThat view might be changing, however. Several analysts weighed in positively on Sea's decision to pull Shopee from the Indian market. 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