In this video, I will be talking about the gigantic Singaporean company called Sea Limited (NYSE: SE) . I will go over its three main segments, Garena, Shopee, and Sea Money, as well as its future expansion into Europe and a possible TikTok challenger app in the making. You can find the video below.
Sea, which is an acronym for Southeast Asia, has been expanding worldwide, most recently into Latin America. Shopee launched in Brazil in 2019. News recently broke that it is entering India with its e-commerce app Shopee, and Poland might be its first European country.
This weekend an article that first appeared in Chinese on Momentum Works's WeChat platform claimed that Shopee could potentially launch a short video app in Southeast Asia to directly challenge TikTok. Whether those rumors will turn out to be true remains to be seen. But news like this coming out just days after Sea Limited raised $6.3 billion could raise some eyebrows.
For further details see:
Will Sea Limited Reach $1 Trillion market Cap by 2030?