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Startups

Singapore's Sea expects 'headwind' after COVID-driven boom

New York-listed group reports wider loss in Q4

India reportedly banned Sea's Free Fire app, one of the most downloaded smartphone games in the world. (Photo courtesy of Sea) 

SINGAPORE -- Top Southeast Asian digital tech group Sea expects "headwind factors" for its business in 2022, the company said Tuesday, following rapid expansion throughout the COVID-19 pandemic.

The Singaporean company, which operates various digital services from online gaming to e-commerce and e-payment, reported revenue of $9.95 billion for 2021, more than double the previous year, while the net loss widened to $2.04 billion, from $1.61 billion.

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