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Business deals

Rise of Sea lights fire under Gojek and Grab merger talks

Ride-sharing, e-payments startups under pressure as investors seek future IPO

Sea's e-commerce service Shopee has driven the company's huge rise in revenue. (Source photos by Ken Kobayashi and Shopee website)

JAKARTA -- As shares in Sea, Southeast Asia's largest digital company, went up and up on the New York Stock Exchange, investors in its competitors Gojek and Grab were licking their lips.

Sea's shares have risen fivefold this year, at one point reaching a valuation of $100 billion. The combined worth of Gojek and Grab, the next two biggest tech companies in the region, is $24 billion. 

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