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Singapore's Sea warns on inflation risk for e-commerce

New York-listed tech group posts $580m loss for Q1 as economies reopen

Sea has lost steam in online sales and engagements as more Asian economies emerge from the pandemic.   © Reuters

TOKYO -- Singapore-based tech group Sea said on Tuesday that inflation and rising interest rates could pose "uncertainties" to its e-commerce business, as consumers return to offline stores following the easing of COVID-19 restrictions.

The New York-listed online gaming and e-commerce company reported a net loss of $580 million for the January-March quarter, widening from $422 million in the year-ago quarter as it continued to spend aggressively on marketing. 

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