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Startups

Sea expands globally with European e-commerce, U.S. investment

Singapore group's revenue and net loss rise on the year in September quarter

Singapore's Sea began as an online gaming company but its e-commerce unit Shopee has expanded rapidly in recent years.   © Reuters

SINGAPORE -- Singaporean tech group Sea is expanding its footprint in Europe, India and the U.S., drawing investor attention as a rare example of a Southeast Asian digital player that has gone global.

New York-listed Sea's market value, $188 billion as of Friday, reached $200 billion for the first time in October, doubling from the beginning of this year. It is by far the biggest among Southeast Asia's listed companies and is gradually nearing its Chinese peers, such as Alibaba Group Holding and Tencent Holdings, whose values were significantly slashed due to domestic tech crackdowns.

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