SINGAPORE -- Singapore-based Sea expects to post a second consecutive annual profit in 2024, the gaming and e-commerce firm said Monday, upon reporting its first net profit last year since going public on the back of drastic cost cuts.
NYSE-listed tech group sees Shopee gaining ground despite 'intensified competition'
The Southeast Asian tech group has focused on achieving profitability through aggressive cuts in promotional expenses. © Reuters
SINGAPORE -- Singapore-based Sea expects to post a second consecutive annual profit in 2024, the gaming and e-commerce firm said Monday, upon reporting its first net profit last year since going public on the back of drastic cost cuts.