Singapore's Sea hit by slower revenue growth amid profitability focus

NYSE-listed tech company posts second straight quarterly profit with cost cutting

20230516N Singapore Sea

Sea's group revenue expanded 5% for the latest quarter compared with over 100% growth in much of 2020 and 2021. © Reuters

TSUBASA SURUGA, Nikkei staff writer

SINGAPORE -- Singapore-based tech group Sea is marking a significant slowdown in top-line growth as the company continues to focus on profitability through aggressive cuts in promotional expenses after years of expansion.

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