Shares in Singapore's Sea soar 11% on raised guidance

Tech group expects value of goods sold by shopping platform Shopee to grow 20% in 2024

20240813  Sea

Singapore e-commerce and gaming group Sea released second-quarter earnings on Aug. 13. © Reuters

DYLAN LOH, Nikkei staff writer

SINGAPORE -- Shares in Sea soared in early New York trading on Tuesday after the Singapore-based technology company raised its guidance for its Shopee e-commerce arm, which drives the lion's share of its revenue.

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