TechnologySea under pressure to turn profit after COVID-driven growth
Singapore digital group expected to 'improve monetization' as it posts bigger loss
Sea’s Shopee grew rapidly during the pandemic, becoming the most visited online shopping site in Singapore and neighboring countries. (Photo by Kentaro Iwamoto)
KENTARO IWAMOTO, Nikkei staff writer
March 2, 2021 14:58 JST
Updated on March 3, 2021 00:38 JST
SINGAPORE -- Singapore-based online gaming and e-commerce group Sea is turning its focus to improving profitability after growing rapidly over the past year, thanks to strong demand due to COVID-induced stay-at-home rules and on the back of a marketing blitz.