Singapore's Sea slips back into the red as growth slows

Tech group focuses on e-commerce investment to fend off TikTok, other rivals

20231113N Shopee

Sea's Shopee leads the Southeast Asian e-commerce market but faces rising competition. © Reuters

TSUBASA SURUGA, Nikkei staff writer

SINGAPORE -- Singapore-based Sea on Tuesday ended a streak of quarterly profits as the tech group suffers slower growth and steps up investments in its e-commerce business against new rivals like TikTok.

Sponsored Content

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