ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Technology

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. 

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more