Technology

Shopee’s parent company under profit pressure

Game and e-commerce conglomerate Shopee is focusing on improving profitability after a staggering 2020 growth thanks to Covid-19. Thanks to the trend of working from home due to Covid-19, Sea saw a positive growth. On March 2, the Singaporean company reported revenue of $ 4.37 billion in 2020, double that of 2019. However, the net […]

Technology

Shopee’s parent company slowed its growth

Third-quarter results for Sea, Southeast Asia’s most valuable company, show that growth in e-commerce has slowed. Sea’s third quarter revenue more than doubled, reaching $ 1.2 billion. Sea also raised its annual forecast for two main businesses. However, net loss also doubled, to 419.9 million USD. Growth in total transaction value (GMV) in e-commerce fell […]