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Southeast Asian e-commerce and gaming group Sea Ltd's sign is pictured at its office in Singapore, March 5, 2021. Tepid spending amid a challenging macroeconomic outlook pressured Sea's e-commerce business Shopee and caused a steep decline in its mobile gaming business. After a meteoric run in 2020 and part of 2021, with multiple quarters of triple-digital revenue increases, Sea's growth tapered as the pandemic-fueled boom in e-commerce and digital entertainment waned. Revenue grew over 5% from a year earlier to $3.10 billion, compared with analysts' estimate of $3.20 billion, according to Refinitiv data. E-commerce revenue, which contributes about two-thirds of the company's top-line, grew about 21% to $2.1 billion from a year earlier, but missed expectations of $2.25 billion.
Persons: Edgar Su, Sea's, Shopee, Yuvraj Malik, Krishna Chandra Organizations: REUTERS, Technology, Sea Ltd, Asia's, Revenue, Thomson Locations: Singapore, India, Europe, Bengaluru
Chelsea agree deal to sign Lavia from Southampton - reports
  + stars: | 2023-08-15 | by ( ) www.reuters.com   time to read: 1 min
LONDON, Aug 15 (Reuters) - Chelsea have reached an agreement to sign Belgium midfielder Romeo Lavia from Southampton, according to media reports on Tuesday. The BBC reported that Chelsea agreed a fee of 53 million pounds ($67.32 million) for the 19-year-old. Lavia signed for Manchester City in 2020 but made just two appearances for the club before joining Saints in July 2022 for 10.5 million pounds. Liverpool also made a bid for Lavia but missed out on the Belgian who will now join Chelsea's British record signing Moises Caicedo at Stamford Bridge. ($1 = 0.7873 pounds)Reporting by Angelica Medina in Mexico City; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.
Persons: Romeo Lavia, Chelsea, Lavia, Moises Caicedo, Angelica Medina, Ken Ferris Organizations: Chelsea, BBC, Manchester City, Saints, Premier League, Liverpool, Lavia, Chelsea's, Thomson Locations: Belgium, Southampton, Belgian, Stamford, Mexico City
Saudi Arabia also recruited soccer legends Cristiano Ronaldo and Karim Benzema with contracts worth hundreds of millions of dollars, and it's expected to bid to host the 2030 World Cup. Portuguese football star Cristiano Ronaldo poses for a photo with the jersey after signing with Saudi Arabia's Al-Nassr Football Club in Riyadh, Saudi Arabia on December 30, 2022. Sports analysts are doubtful that Saudi Arabia will see its ambitions to have a top soccer league realized, even with all the money it can offer to top-tier players. Charles Laberge | LIV Golf | Getty ImagesOther criticism comes from an attitude among many that a Saudi league could never be a serious arena for athletes. Emenalo, himself a former defender for Nigeria's national soccer team and former technical director at English club team Chelsea, called the criticisms "outrageous."
Persons: Kylian Mbappe, Neymar Jr, Jean Catuffe, Neymar, Germain, Cristiano Ronaldo, Karim Benzema, Kalidou, Lyon's Moussa Dembele, Michael Emenalo, Saudi Arabia's, Al, Hilal, Kylian Mbappé, LIV, shockwaves, Saudi Crown Prince Mohammed bin Salman, Captain Brooks Koepka, Ricky Elliott, Charles Laberge, LIV Golf, Emenalo, it's, Khalid Al, Falih, that's Organizations: PSG, UEFA Champions League, Celtic Glasgow, Paris Saint Germain, Celtic Park, Getty, Getty Images, Saudi, Al, Paris Saint, Brazil national, L'Equipe, Manchester, Saudi Pro League, Nassr Football Club, Al Nassr Football, Anadolu Agency, France national, Sports, American PGA Tour, Saudi Crown, CNBC, Royal Greens, & Country Club, King Abdullah Economic, Nigeria's, soccer team, Chelsea, Saudi League, Guardian, Saudi Investment, Public Investment Fund Locations: Getty Images Saudi Arabia, Hilal, Barcelona, Saudi, Saudi Arabia, Riyadh, Europe, Jeddah, King Abdullah, King Abdullah Economic City
Soccer Football - Premier League - Chelsea v Nottingham Forest - Stamford Bridge, London, Britain - May 13, 2023 Chelsea's Kepa Arrizabalaga during the warm up before the match REUTERS/Peter Nicholls/File PhotoMADRID, Aug 14 (Reuters) - Real Madrid and Chelsea have reached an agreement for goalkeeper Kepa Arrizabalaga's season-long loan to the Spanish club, the clubs announced on Monday. He has reportedly been targeted by Bayern Munich as the German side are seeking to replace their own injured goalkeeper, Manuel Neuer, but Real Madrid moved faster to secure the deal. Courtois joined Real from Chelsea in 2018 after winning two Premier League titles, the FA Cup and the League Cup during his time at Stamford Bridge. Real Madrid had only one other goalkeeper in their first team squad, Ukraine's Andriy Lunin. The 24-year-old Lunin has made only nine Spanish league appearances for the club since signing from Zorya Luhansk in 2018.
Persons: Kepa, Peter Nicholls, Kepa Arrizabalaga's, Thibaut Courtois, Arrizabalaga, Robert Sanchez, Manuel Neuer, Courtois, Ukraine's Andriy Lunin, Fernando Kallas, Robert Birsel Organizations: Soccer Football, Premier League, Chelsea, Nottingham Forest, REUTERS, Real Madrid, Athletic Bilbao, Brighton & Hove Albion, Bayern Munich, Real, League, FA, Stamford, Liverpool, Zorya, Leganes, Thomson Locations: Stamford, London, Britain, Real, Spanish, Paris, Zorya Luhansk, Spain, Valladolid, Oviedo
LONDON, Aug 14 (Reuters) - Chelsea have broken the British transfer record for the second time in a year by signing Ecuador midfielder Moises Caicedo from Brighton & Hove Albion on an eight-year contract on Monday. Financial details were not disclosed but British media said Chelsea will pay 115 million pounds ($145.96 million), eclipsing the 106 million pounds record fee the London club paid to sign Argentina midfielder Enzo Fernandez from Benfica in January. Caicedo still had four years to run on his Brighton contract but had told the south-coast club he wished to leave. 'TOP MIDFIELDER'Caicedo signed for Brighton in February 2021 for a reported 4.5 million pounds and was loaned to Belgian club Beerschot in August that year. He made his Premier League debut in April last year and scored his first Brighton goal against Manchester United in May.
Persons: Moises Caicedo, Enzo Fernandez, Caicedo, Juergen Klopp, Mauricio Pochettino, Todd Boehly, Moises, Tony Bloom, Roberto De Zerbi, Alexis Mac Allister, David Weir, Christopher Nkunku, Axel Disasi, Nicolas Jackson, Lesley Ugochukwu, Robert Sanchez, Angelo, Chelsea, Rohith Nair, Trevor Stynes, Ken Ferris Organizations: Chelsea, Brighton & Hove Albion, London, Benfica, Premier League, Brighton, Arsenal, Liverpool, Liverpool swooped, Clearlake Capital, Belgian, Beerschot, Manchester United, Argentina, West Ham United, Thomson Locations: Brighton, Argentina, Merseyside, London, Belgium
Chelsea's new owners self-reported a number of financial transactions during the Abramovich era to European soccer's governing body UEFA, the Premier League and the FA. "We have been pretty open about the historic issues with regard to Chelsea because they self-reported to the Premier League and to the FA so it is obvious we are looking into that," Masters told the newspaper. "If the Premier League believes a club has breached the financial regulations and there is a case to answer, that case will be put to the club." "We want due process to be served in as efficient a way as possible, as quickly as possible," Masters added. Chelsea, who finished 12th in the Premier League following a chaotic campaign, will not be competing in Europe in 2023-24.
Persons: Mauricio Pochettino, Matthew Childs, Roman, Richard Masters, Abramovich, Todd Boehly, Masters, Tommy Lund, Pritha Sarkar Organizations: Soccer Football, Chelsea, Premier League, Britain's Times, Clearlake, UEFA, Times, London, Thomson Locations: Stamford, London, Britain, American, Russian, Ukraine, Moscow, Chelsea, Europe, Gdansk
Chelsea striker Nkunku sidelined after knee surgery
  + stars: | 2023-08-08 | by ( ) www.reuters.com   time to read: +1 min
Aug 8 (Reuters) - Chelsea's new signing Christopher Nkunku is set to be sidelined for an "extended period" after the French forward underwent surgery for a knee injury, the Premier League club said on Tuesday. The French forward went down clutching his leg after a challenge in the ninth minute of the 1-1 draw with Borussia Dortmund in a pre-season friendly in Chicago. Nkunku, who was signed for close to 60 million pounds ($76.32 million), came off midway through the first half in discomfort. "Nkunku has sustained a knee injury which will rule the forward out for an extended period," the club said in a statement. ($1 = 0.7862 pounds)Reporting by Rohith Nair in Bengaluru; Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.
Persons: Christopher Nkunku, Nkunku, Mauricio Pochettino, Rohith Nair, Christian Radnedge Organizations: Premier League, Borussia Dortmund, London, RB Leipzig, Thomson Locations: French, Chicago, Bengaluru
Mario Tama | Getty ImagesThe unemployment rate for Black workers fell slightly in July as the broader labor market remains tight. Black workers' jobless rate fell to 5.8%, according to the Labor Department on Friday. Broken down by gender, Black men's unemployment rate fell to 5.3% in July from 5.9% in June. In July, the U.S. unemployment rate was little changed at 3.5%, which is just above the lowest level since late 1969. Meanwhile, Asian workers' unemployment rate fell to 2.3% in July, a 0.9 percentage point drop from 3.2% in June.
Persons: Mario Tama, That's, It's, Black, Valerie Wilson, Wilson Organizations: Port, Getty, Labor Department, Federal Reserve Locations: Port of Los Angeles, San Pedro, Los Angeles , California, U.S
Those three signings were all completed early in the close4 season meaning Arsenal should be ready to hit the ground running when they kick off at home to Nottingham Forest next Saturday. While Rice's price tag appears over-inflated, he looks capable of giving Arsenal the drive their midfield began to lack in the closing months of the campaign. Timber offers the sort of defensive depth Arsenal sadly lacked after France's William Saliba was injured in March. "The players will have learned a hell of a lot with that title run, and this year is about going that one step ahead. ($1 = 0.7843 pounds)($1 = 0.9112 euros)Reporting by Martyn Herman; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.
Persons: Arsenal's Kai Havertz, Declan Rice, Peter Cziborra, Mikel Arteta's, Kai Havertz, Martin Odegaard, Havertz, Mikel Arteta, Granit Xhaka, William Saliba, Gabriel Martinelli, Gabriel Jesus, Rice, Arsenal's, Martyn Herman, Ken Ferris Organizations: Soccer, Arsenal, AS Monaco, Emirates, Peter Cziborra LONDON, Manchester City's, Premier League, City . Arsenal, West Ham United, Ajax Amsterdam, Nottingham Forest, Bayer Leverkusen, Timber, City, Barcelona, Thomson Locations: London, Britain, West, Chelsea, Arsenal's, California
Paris 2024 Olympics - Training for test swimming event for Paris 2024 - River Seine, Paris, France - August 4, 2023 A tourist boat is pictured on the River Seine beside the Pont Alexandre III bridge REUTERS/Stephanie LecocqPARIS, Aug 4 (Reuters) - Participants of this weekend's Open Water Swimming World Cup were barred from a Friday morning training session in Paris' river Seine as heavy rainfall caused water quality to dip below health standards, the French Swimming Federation (FFN) said. The women's 10 kilometre race on Saturday - a qualifying event for marathon swimming at the Paris 2024 Olympics - is still scheduled to go ahead, pending a new river water quality test on Friday evening. "The water quality tests are done regularly, and they are progressively improving," the spokesperson added. International federation World Aquatics did not immediately respond to a request for comment about further backup plans for the races if Seine water quality does not improve this weekend. The city has been working on clean-up efforts to make the Seine swimmable again, as it was during the 1900 Paris Olympics more than a century ago.
Persons: Pont Alexandre III, Stephanie Lecocq PARIS, Jacques Chirac, America Hernandez, Geert De Clercq Organizations: Paris, French Swimming Federation, Olympics, Thomson Locations: Seine, Paris, France, Villette, Egypt, Italy
A spokesperson for TikTok confirmed on Friday that the talks were taking place, adding that an Indonesian payments licence would help local creators and sellers on its platform. A representative for the central bank, Bank Indonesia, did not respond to a request for comment. A payments licence would enable TikTok to benefit from transaction fees and put it more directly in competition with Southeast Asian e-commerce giants, Sea's (SE.N) Shopee and Alibaba's (9988.HK) Lazada. Douyin, the Chinese counterpart to TikTok that is also owned by ByteDance, obtained a Chinese payments licence in 2020. It was not immediately clear if TikTok has obtained a payments license elsewhere in the world.
Persons: Dado Ruvic, TikTok, Shou Zi Chew, Stefanno Sulaiman, Josh Ye, Edwina Gibbs Organizations: REUTERS, Reuters, TikTok, Bank Indonesia, HK, Lazada, ByteDance, Momentum, Thomson Locations: JAKARTA, Indonesia, U.S, Southeast Asia, Europe, TikTok, China, United States, Montana, Australia, Canada, Hong Kong
Relentless Man City seek record four titles in a row
  + stars: | 2023-08-04 | by ( Martyn Herman | ) www.reuters.com   time to read: +4 min
However, such is the nature of the Premier League that City will certainly not have everything their own way. Juergen Klopp's side's failure to qualify for the Champions League would have stung, especially with Manchester United finishing eight points above them. Newcastle United, who finished fourth last term, will be determined to prove it was no flash in the pan, although they will need to juggle the demands of battling for a top-four finish with the Champions League this time. The additions of winger Harvey Barnes from Leicester City and Sandro Tonali from Milan will certainly help. Postecoglou is the first Australian to manage in the Premier League and faces a big challenge at the north London club who endured a toxic 2022-23 campaign under Antonio Conte.
Persons: Phil Foden, Aymeric Laporte, Ruben Dias, Pep Guardiola, Guardiola, pacesetters, Ilkay Gundogan, Riyad Mahrez, Chelsea's Mateo Kovacic, Declan Rice, Alexis Mac Allister, Dominik Szoboszlai, Juergen, Erik ten Hag, Harvey Barnes, Sandro Tonali, Ange Postecoglou, Antonio Conte, Harry Kane, Martyn Herman, Ken Ferris Organizations: Soccer Football, Manchester, Victory, Champions League, FA, Premier League, Manchester United's, League, Inter Milan, pacesetters Arsenal, City, Arsenal, Etihad, LIVERPOOL Liverpool, Manchester United, Newcastle United, Leicester City, Tottenham Hotspur, Bayern Munich, Luton Town's, Luton, Bournemouth, Nottingham Forest, Thomson Locations: Manchester, Britain, Manchester City, Abu Dhabi, Spanish, Istanbul, Barcelona, Al, Ahli, Saudi Arabia, City, Milan, Postecoglou, London, Fulham
Ten Hag primed to end false dawns at Man United
  + stars: | 2023-08-04 | by ( Aadi Nair | ) www.reuters.com   time to read: +3 min
Since United last won the Premier League title under Alex Ferguson in 2013, David Moyes, Louis van Gaal, Jose Mourinho and Ole Gunnar Solskjaer have all failed to revive former glories - but Ten Hag appears to be making progress. Last year, he took charge of a United side that had collected their lowest-ever Premier League points tally (58) in the 2021-22 season and were in a five-year trophy drought. The turnaround has been remarkable, with a top-four finish in the Premier League, the League Cup trophy and a place in the FA Cup final to show for last season. "I think the difference is, with reference to last year, now we have the foundation with this squad," Ten Hag told reporters. If Ten Hag can stop the uncertainty over the club's ownership from spilling over into his dressing room, United have reason to believe they can challenge seriously to win the Premier League and end the recent dominance of Manchester City.
Persons: Erik, Hag, Tony Obrien, Alex Ferguson, David Moyes, Louis van Gaal, Jose Mourinho, Ole Gunnar Solskjaer, Bruno Fernandes, Lisandro Martinez, England's Mason, Andre Onana, David de Gea, Dane Rasmus Hojlund, Marcus Rashford, Cristiano, Harry Maguire, Aadi Nair, Ed Osmond Organizations: Soccer, Manchester United, Newcastle United, Wembley, Carabao, United, Premier League, Ajax, League, FA, Liverpool, Brentford, Manchester City, Sevilla, Atalanta, United's U.S, Wolverhampton Wanderers, Thomson Locations: London, Britain, Casemiro, Bengaluru
Defender Colwill signs long-term deal with Chelsea
  + stars: | 2023-08-02 | by ( ) www.reuters.com   time to read: +2 min
Soccer Football - Under 21 International Friendly - England v France - King Power Stadium, Leicester, Britain - March 25, 2023 England's Levi Colwill celebrates after the match Action Images via Reuters/Andrew Boyers/File PhotoAug 2 (Reuters) - Defender Levi Colwill has signed a new six-year contract with Chelsea with an option of another year, the Premier League club announced on Wednesday. "As I've grown up, all I've known is Chelsea. I've spoken with the manager and he's given me reassurance, that trust I needed. He's spoken with me not just as a player but a person. The highly-rated youngster was linked with a move to several European clubs before extending his stay at Chelsea.
Persons: England's Levi Colwill, Andrew Boyers, Levi Colwill, Roberto De Zerbi's, It's, Colwill, Levi, Chelsea's, Laurence Stewart, Paul Winstanley, Mauricio Pochettino, Pearl Josephine Nazare, Christian Radnedge Organizations: Soccer, King Power, Chelsea, Premier League, Brighton & Hove Albion, Brighton, England, UEFA, Tottenham Hotspur, Thomson Locations: England, France, Leicester, Britain, Southampton, Chelsea, Bengaluru
CNN —Even as a 15-year-old, Sam Kerr had the weight of a nation on her shoulders. Fast forward to 2023 and Kerr is one of best players in the game and a global star. Kerr has had to wait longer than expected for the honor at this tournament having been forced to miss Australia’s opening two games because of injury. But a surprise defeat to Nigeria in the Matildas’ second group game have left their hopes hanging by a thread. Kerr takes a selfie as she celebrates with her Chelsea teammates after winning the Women's FA Cup in 2022.
Persons: Sam Kerr, Kerr, Alyssa Mautz, , Tony Gustavsson, Don Arnold, Tony, it’s, I’m, ’ Kerr, Daniel, Bobby Despotovski, , ” Despotovski, Nicola Williams, ” Williams, Williams, Mautz, ” Mautz, she’s freakin, ” Kerr, Ryan Pierse, Western New York Flash, Rich Barnes, Vanessa DiBernado, Vanessa, , ’ ”, , swag, Michael Regan, , Eddie Keogh, she’s, She’s, soccer’s Organizations: CNN, Australia, Perth Glory, Chicago Red Stars, National Women’s Soccer League, FIFA, reining Olympic, Canada, coy, Sydney Opera House, Getty, Reuters, West Coast Eagles, Australian Football League, Glory, AFL, CNN Sport, Western New York, Sky Blue FC –, NY Gotham FC, Western New York Flash, Perth, Sky Blue, Chelsea, Super League, Red, League, – Chelsea, EA Sports Locations: Canberra, Italy, Australia, Brisbane, New Zealand, South Korea, Nigeria, Western Australia, Chelsea, NJ, Rochester , New York, Perth, Illinois, , Chicago, London
Aurelien Meunier - PSG/PSG via Getty ImagesSaudi Arabian soccer club Al-Hilal reportedly tabled a world record 300 million euro ($331.9 million) bid for Paris Saint-Germain star Kylian Mbappé, a further signal of the kingdom's efforts to shake up the sport's global order. Al-Ahli snapped up Chelsea goalkeeper Edouard Mendy and former Liverpool striker Roberto Firmino, and have just agreed a £30 million ($38.54 million) deal to bring in forward Riyad Mahrez from reigning English Premier League and European champions Manchester City. A medium-term threat Soccer isn't the first sport to be rocked by a sudden wave of Saudi investment. This is more like a couple of decades before I think we could see some significant impact." Cristiano Ronaldo stands prior to the Saudi Pro League week 28 soccer match between Al-Nassr and Al-Shabab at Alawwal Park Stadium in Riyadh, Saudi Arabia on May 23, 2023.
Persons: Kylian, Paris Saint, Germain, Le, Aurelien Meunier, Hilal, Mbappé, Nassr, Cristiano Ronaldo, Marcelo Brozovic, Alex Telles, Ronaldo, Ballon, Karim Benzema, N'Golo Kante, Edouard Mendy, Roberto Firmino, Mahrez, Anmar Al, Khalid Alhaj, Al, Ruben Neves, Kalidou Koulibaly, Sergej Milinkovic, Savic, LIV, Michael Goldberg, DBRS Morningstar, Goldberg, Jude Bellingham, Mohammed Saad Organizations: Paris Saint, Campus PSG, PSG, Getty Images, Al, French, country's Public Investment Fund, Real, English Premier League, Newcastle United, Saudi, — Al, Saudi Pro League, Inter Milan, Manchester United, Real Madrid, Chelsea, Liverpool, Manchester City, King Abdullah Sports City, Premier League's Wolverhampton Wanderers, Senegalese, Lazio, UEFA, Champions League, England's Premier League, Liga, Germany's Bundesliga, Italian Serie, isn't, DBRS, CNBC, Bayern Munich, Juventus, Borussia Dortmund, Alawwal, Anadolu Agency, Getty Locations: POISSY, France, Paris, Le Havre, Getty Images Saudi Arabian, Qatar, Real Madrid, Spanish, Saudi, Ittihad, Al, Hilal, Ahli, JEDDAH, Saudi Arabia, Europe, Italian, Barcelona, Liverpool, Shabab, Riyadh
Life at Sea's three-year cruise will get a bigger ship
  + stars: | 2023-07-05 | by ( Julia Buckley | ) edition.cnn.com   time to read: +12 min
Life at Sea Cruises is now owned and operated entirely by Miray Cruises, a company with a 30-year history of operating in the Aegean. Bigger ship, fewer guestsStaterooms on the new ship will have 20 square feet more per cabin, say Miray Cruises. Life at Sea CruisesMeanwhile, Miray says it is launching its first Life at Sea cruise in its new ship as planned in November. MV Lara will be larger than the Gemini, Kendra Holmes, CEO of Miray Cruises, told CNN. And this Miray team is accommodating to everyone – If there are concerns, they fix it, if there are ideas they put them into place.
Persons: Miray, , Mikael Petterson, Irina Strembitsky, Petterson, Staterooms, Lara, Kendra Holmes, Holmes, ” Holmes, Cruises, Heidi Klum, AIDA Cruises, Sharon Lane, , ’ ”, Meredith Shay, Shay, Ingrid Warwick, “ It’ll, “ That’s, Finnbarr Webster Organizations: CNN, Sea Cruises, Cruises, Miray Cruises, Gemini, Carnival, Sea, Petterson, Vie Locations: Europe, German, , Florida, Germany, Istanbul
"Not the injury, but otherwise it has been a blessing in disguise that I've been able to have a clean slate. "I've played through many injuries but with this one, I couldn't quite get there." "Obviously, we have a lot of time until the first game (England begin their World Cup campaign against Haiti on July 22). Just based on the amount I've played it's been a blessing that I'm recovering," she said. England head to the World Cup as the reigning European champions and ranked fourth in the world.
Persons: BURTON, Millie Bright, It's, Bright, I've, Lionesses, Milton Keynes, I'm, Leah Williamson, Beth Mead, Fran Kirby, Alex Greenwood, Greenwood, it's, Lori Ewing, Toby Davis Organizations: St, Portugal, Chelsea's Champions League, Olympique Lyonnais, England, Haiti, Manchester City, Australia, Thomson Locations: TRENT, England, St George's, Milton, Australia, New Zealand, European
JAKARTA, June 15 (Reuters) - Short video app TikTok, owned by China's ByteDance, said on Thursday it would invest billions of dollars in Southeast Asia over the next few years, as it doubles down on the region amid intensifying global scrutiny over its data security. Southeast Asia, a region with a collective population of 630 million - half of them under 30 - is one of TikTok's biggest markets in terms of user numbers. "We're going to invest billions of dollars in Indonesia and Southeast Asia over the next few years," TikTok CEO Shou Zi Chew said at a forum it organised in Jakarta to highlight the social and economic impact of the app in the region. Chew said TikTok has 8,000 employees in Southeast Asia, and 2 million small vendors selling their wares on its platform in Indonesia, the region's biggest economy. The app has not faced major bans on government devices in Southeast Asia, but it has been under scrutiny over its content.
Persons: China's ByteDance, Shou Zi Chew, Chew, TikTok, Stanley Widanto, Miyoung Kim, Christopher Cushing, Jamie Freed Organizations: HK, Thomson Locations: JAKARTA, Southeast Asia, Sea's, Indonesia, Jakarta, Beijing, Britain, New Zealand, Vietnam
TikTok to invest billions of dollars in Southeast Asia, CEO says
  + stars: | 2023-06-15 | by ( ) www.cnbc.com   time to read: +1 min
Short video app TikTok, owned by China's ByteDance, said on Thursday it would invest billions of dollars in Southeast Asia over the next few years, as it doubles down on the region amid intensifying global scrutiny over its data security. Southeast Asia, a region with a collective population of 630 million — half of them under 30 — is one of TikTok's biggest markets in terms of user numbers. "We're going to invest billions of dollars in Indonesia and Southeast Asia over the next few years," TikTok CEO Shou Zi Chew said at a forum it organised in Jakarta to highlight the social and economic impact of the app in the region. TikTok did not provide a detailed breakdown of the spending plan, but said it would invest in training, advertising and supporting small vendors looking to join its e-commerce platform TikTok Shop. Chew said content on its platform was becoming more diversified as it adds more users and expands beyond advertising into e-commerce, allowing consumers to purchase goods through links on the app during livestreaming.
Persons: China's ByteDance, Alibaba's, Shou Zi Chew, Chew Locations: Southeast Asia, Sea's, Indonesia, Jakarta, TikTok
Black sea urchins. The epidemic only affects the black sea urchins, and was even killing them in the research lab's tanks, and Eilat's aquarium -- which all use freshly circulating seawater. Black sea urchins feed on the algae that grows on the reef. The first step, needed in the coming weeks, is to establish "broodstock populations" that will eventually help repopulate and reintroduce the black sea urchins into the region. But the surviving sea urchins that could be used to do so are themselves under threat.
Persons: Omri Bronstein, Bronstein, we've, Bornstein, they're, " Bronstein, Omri Omesi, Omesi, he's Organizations: CNN, Tel, Tel Aviv University, Interuniversity Institute for Marine Sciences, Israel Nature, Parks Authority Locations: Eilat, Israel, Aqaba, Tel Aviv, Jordan, Egypt, Saudi Arabia, Greece, Turkey, Caribbean, Syria, Lebanon
HONG KONG/SINGAPORE, June 1 (Reuters) - Southeast Asian e-commerce and gaming giant Sea Ltd (SE.N) is winding down its investment arm, two people with knowledge of the matter said, amid a cooling investment environment globally as macroeconomic and market uncertainty weigh on valuations. The arm, Sea Capital, stopped new equity investing in 2022 with leadership moving on in May, while Sea itself is placing less priority on investing given market conditions, one of the people said. Singapore-based Sea launched Sea Capital in March 2021 with initial capital of $1 billion after buying Hong Kong's Composite Capital Management, founded by former Hillhouse Capital partner David Ma who became Sea's chief investment officer. One of the people said the decision to wind down Sea Capital was prompted by "less deal activity" resulting in fewer investment opportunities. Sea Capital had made at least three investments, including in 2021 into collapsed cryptocurrency exchange FTX.
Persons: David Ma, Ma, FTX, Kane Wu, Fanny Potkin, Sumeet Chatterjee, Christopher Cushing Organizations: Capital, Hong Kong's, Capital Management, Hillhouse, Sea, U.S, Asia's, Thomson Locations: HONG KONG, SINGAPORE, Asia, Japan, Singapore, New York, Sea, India, Europe, Hong Kong
HONG KONG/SINGAPORE, June 1 (Reuters) - Southeast Asian e-commerce and gaming giant Sea Ltd (SE.N) is winding down its investment arm, two people with knowledge of the matter said, amid a cooling investment environment globally as macroeconomic and market uncertainty weigh on valuations. The arm, Sea Capital, stopped new equity investing in 2022 with leadership moving on in May, while Sea itself is placing less priority on investing given market conditions, one of the people said. Singapore-based Sea launched Sea Capital in March 2021 with initial capital of $1 billion after buying Hong Kong's Composite Capital Management, founded by former Hillhouse Capital partner David Ma who became Sea Capital's chief investment officer. One of the people said the decision to wind down Sea Capital was prompted by "less deal activity" resulting in fewer investment opportunities. Sea Capital had made at least three investments, including in 2021 into collapsed cryptocurrency exchange FTX.
Persons: David Ma, Ma, FTX, Kane Wu, Fanny Potkin, Sumeet Chatterjee, Christopher Cushing Organizations: Capital, Hong Kong's, Capital Management, Hillhouse, Sea, U.S, Asia's, Thomson Locations: HONG KONG, SINGAPORE, Asia, Japan, Singapore, New York, Sea, India, Europe, Hong Kong
Orcas also have very wrinkly brains, which enables them to think and process information quickly. Orca and human brains are very similarHuman brains and orca brains have similar regions that make both animals highly sociable, empathetic, and intelligent. Joel W. Rogers/Getty ImagesAn orca's brain is five times larger than a human's, but it has many of the same structures that ours do. In fact, the paralimbic system in orca brains has much more intricate folding and detail than human brains do. Now imagine an orca's brain which is five times larger and has way more wrinkles.
Persons: Orcas, , They've, Joel W, Lori Marino, Serge Melesan, orcas, Gerard Soury, It's, Marino, South Africa —, Matthew Horwood Organizations: Service, Rogers, The, Sanctuary, Orca Network Locations: South Africa
Doing so would help turn the Black Sea into another "sea of NATO," the foreign minister said. "It's time to turn the Black Sea into what the Baltic Sea has become, a sea of NATO," Dmytro Kuleba said. "The Black Sea can never be a NATO sea," Kremlin spokesman Dmitry Peskov said in response to Kuleba's comments. The Black Sea region is "a strategically important area for Euro-Atlantic security," Geoană said in April. At the conference in April, Romania's foreign minister said a strong NATO presence in the Black Sea was a "must."
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