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Sea Limited (NYSE: SE) is a global consumer internet company founded in Singapore in 2009. The company focuses on improving the lives of consumers and small businesses through technology, operating in e-commerce, digital financial services, and digital entertainment. Sea Limited provides a range of services, including online marketplaces, payment solutions, credit services, and gaming platforms, catering to diverse markets across Southeast Asia, Taiwan, and Latin America.
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E-commerce (Shopee) - Operates a mobile-centric, social-focused marketplace connecting buyers and sellers, offering integrated services such as payment, logistics, and seller tools like advertising and livestreaming. Expands its presence in Southeast Asia, Taiwan, and Latin America.
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Digital Entertainment (Garena) - Develops, curates, and publishes mobile and PC online games, including the globally popular Free Fire. Promotes esports to enhance user engagement and strengthen the gaming ecosystem.
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Digital Financial Services (SeaMoney) - Provides digital payment solutions, credit services, and digital banking through platforms like ShopeePay and SeaBank, focusing on financial inclusion in underserved markets.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Forrest Xiaodong Li ExecutiveBoard | Chairman and CEO |
| Founder of Sea Limited; led its growth into a global consumer internet company with businesses in digital entertainment, e-commerce, and digital financial services. | View Report → |
Gang Ye ExecutiveBoard | Director and COO | None | Co-founder of Sea Limited; previously served as CTO (2010-2016) and has been COO since 2017. Holds dual degrees in Computer Science and Economics from Carnegie Mellon University. | |
Tony Tianyu Hou ExecutiveBoard | CFO and Director | None | Joined Sea Limited in 2010; became CFO in 2013 and Director in 2018. Holds an MBA from the University of Chicago and is a non-practicing CPA. | |
Chris Zhimin Feng Executive | Group President | None | Joined Sea Limited in 2014; previously CEO of Shopee and SeaMoney. Holds a bachelor’s degree in Computer Science from the National University of Singapore. | |
David Jingye Chen Executive | Chief Product Officer of Shopee | None | Co-founder of Sea Limited; previously served as COO and Chief of Staff. Holds a bachelor’s degree in Computer Engineering from the National University of Singapore. | |
Terry Feng Zhao Executive | President of Garena | None | Joined Sea Limited in 2009; has led Garena, the digital entertainment arm, since 2018. | |
Yanjun Wang Executive | Chief Corporate Officer, General Counsel, and Company Secretary | None | Joined Sea Limited in 2014; oversees legal and corporate governance. Holds a J.D. from Harvard Law School and a B.A. in Economics from Harvard University. | |
David Heng Chen Seng Board | Director |
| CEO of Temasek Trust Asset Management; has extensive experience in asset management and impact investing. | |
David Y Ma Board | Director | None | Joined Sea Limited as Chief Investment Officer of Sea Capital in 2021; transitioned to Director role in 2023. | |
Khoon Hua Kuok Board | Director |
| Chairman of Kerry Holdings; holds leadership roles in multiple companies across logistics, property, and investments. |
- Despite mentioning a stable competitive environment, your sales and marketing expenses increased by 13% quarter-on-quarter and rose by about 10 basis points as a percentage of GMV; can you explain this increase and when we can expect these expenses to start declining?
- Your digital financial services loan book grew over 70% year-on-year with a stable NPL ratio of 1.2%; how are you ensuring the sustainability of credit quality amid such rapid expansion, and what risks do you foresee in aggressively growing your loan portfolio?
- You've achieved adjusted EBITDA breakeven in Brazil for the first time; with ongoing investments and potential competitive pressures, how do you plan to maintain or improve profitability in this market, and should we expect margins to remain at current levels or improve?
- With increasing competition from cross-border players like Temu entering markets such as Vietnam, how do you plan to defend your market share and pricing competitiveness, and what impact do you anticipate on your growth projections and profitability in Southeast Asia?
- Given that Free Fire is a 7-year-old game, despite its recent growth, what are your plans to sustain user engagement and monetization in the long term, and can we expect new game launches to diversify your digital entertainment revenue stream?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Three Companies Acquired by Sea Limited | 2021 | **Sea Limited completed the acquisition of three companies with an aggregate consideration of $282,639, comprising $252,960 in share consideration and $29,679 in cash. The deal involved acquiring total assets of $47,513, assuming liabilities of $(27,658), and recognizing $262,784 of goodwill allocated across the Digital Entertainment, Digital Financial Services, and Other Services segments to capture expected synergies; transaction costs were immaterial. ** |
No recent press releases or 8-K filings found for SE.