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Singapore tech group Sea's Q3 revenue doubles but loss widens

Southeast Asia's most valuable company rides e-commerce and gaming boom

Singapore e-commerce platform Shopee is is backed by China's Tencent Holdings.   © Reuters

SINGAPORE -- Sea, an online gaming and e-commerce group, on Tuesday reported a net loss of $425 million for the July-September quarter, wider than the $206 million loss a year earlier as it heavily invested in Southeast Asia market expansion.

Revenue for the quarter was $1.21 billion, up 99% from a year earlier, driven by Shopee, its e-commerce service.

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