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Startups

Sea reports $422m loss in Q1 as ASEAN tech draws investors

Singapore group says it is 'in best position' in the region as rivals announce merger

Sea's current businesses include online gaming, e-commerce, food delivery and digital payment.   © Reuters

SINGAPORE -- Southeast Asia's most valuable listed company Sea reported on Tuesday a net loss of $422 million for the three months ended in March, widening from a net loss of $281 million in the same quarter a year ago, as the Singapore-based tech group continued aggressive marketing to capture growing demand amid the pandemic.

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