DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Forrest Li - 1 Li - 1 Sea's - 1 Shopee - 1
Top related locs:
MariBank Singapore Sea's New York Southeast Asia Indonesia
Top related orgs:
Alibaba - 1

Search resuls for: "Sea's New York"


2 mentions found


☆ Singapore's Sea Limited posts first profitable year amid efforts to defend market share against Lazada, TikTok
  + stars: | 2024-03-05 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com   time to read: +2 min
Southeast Asian tech giant Sea Limited on Monday posted its first profitable year amid efforts to defend market share against Alibaba -owned Lazada and TikTok. Net income in 2023 was $162.7 million, as compared to a net loss of $1.7 billion in 2022. Sea's e-commerce arm Shopee made a "meaningful gain in market share" in 2023 despite "intensified competition in Southeast Asia," the firm said on Monday. Sea also said Shopee's market share in the region has "solidified" and the firm intends to "maintain our market share in 2024." Tokopedia merged with TikTok Shop in Indonesia to form an enlarged Tokopedia entity, in which TikTok will take a controlling stake of 75.01%.
Persons: Forrest Li, Li, Sea's, Shopee Organizations: Alibaba Locations: MariBank, Singapore, Sea's New York, Southeast Asia, Indonesia
☆ Sea CEO’s distress call will make tech waves
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: +2 min
A person stands in front of a signage of Southeast Asian e-commerce and gaming group Sea Ltd's, at their office in Singapore March 5, 2021. REUTERS/Edgar SuHONG KONG, Sept 21 (Reuters Breakingviews) - Candour is often welcome during times of distress. Forrest Li, the chief executive of Singapore's Sea (SE.N), is not mincing his words as he sounds the alarm at his $26 billion e-commerce to video-games outfit. Losses are widening at the $11 billion super-app as it continues to invest in fintech read more . They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
0 next >>
Total: 2