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Corporation
INTERNET | Internet Software & Services / Gaming
seagroup.com

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Founded Year

2009

Stage

IPO | IPO

Total Raised

$722M

Date of IPO

10/20/2017

Market Cap

116.55B

Stock Price

296.82

Revenue

$0000 

About Sea

Sea operates an online gaming platform, an eCommerce platform, and a digital financial services platform. Garena, a digital entertainment platform, provides mobile and PC online games across Greater Southeast Asia. Shopee is a mobile-centric eCommerce marketplace that connects buyers and sellers to facilitate a fast and seamless shopping experience for all. AirPay, a digital financial services platform, provides e-wallet services to consumers through the AirPay App and to small businesses through the AirPay counter application.

Sea Headquarter Location

1 Fusionopolis Place, #17-10 Galaxis Building

138522,

Singapore

+65 6270 8100

Latest Sea News

Sea Group’s net losses widen even though revenues rose to USD 2.7 billion in Q3 2021

Nov 17, 2021

Shopee continued to rank first in the shopping category by average monthly active users and total time spent in-app in Southeast Asia and Taiwan, according to App Annie. In Brazil, Shopee also ranked first by downloads and total time spent in-app, while it ranked second by average MAUs in the third quarter of 2021. Sea’s digital entertainment division, Garena, showed positive results with USD 1.1 billion of revenue, up 93.2% YoY. Garena’s quarterly active users were 729 million in the third quarter. It had 93.2 million quarterly paying users, up 1.4% compared to the same period in 2020. As for the company’s digital financial services unit, SeaMoney, the total payment volume for its mobile wallet was USD 4.6 billion in Q3, an increase of 111% YoY. Quarterly paying users for mobile wallet services also increased to 39.3 million. Support to rural consumers and MSMEs In the company’s earnings call , Sea’s chief chairman and group chief executive Forrest Li said that Shopee is creating various initiatives to support rural consumers and MSMEs across Southeast Asia to embrace e-commerce. In Indonesia, the firm runs a program called Shopee Export MSME campuses in Solo and Bandung. The company provides resources and training for local enterprises so they can scale up their online businesses and expand internationally. In Malaysia, Shopee has partnered with the Malaysian Communications and Multimedia Commission to use their rural internet centers to offer free e-commerce training to local entrepreneurs, including in rural areas. Since July, Shopee has trained over 6,000 rural sellers in the country. The company has similar programs in other markets as well, including Brazil. “All these initiatives reflect the fundamental mission of our business. We want to ensure that the benefits of technology and digitization are wide-reaching and accessible,” Li said in the call. Shopee wants to replicate its success in Southeast Asia and Brazil to the other parts of the globe . This year, it has launched localized websites in Poland, Spain, France, and India. It is also expanding to other countries in Latin America, including Mexico, Chile, and Colombia. Moreover, the e-commerce firm is recently tapping into a new vertical— hotel booking . In early November, it announced a partnership with Agoda and Booking.com to launch Shopee Hotel, a feature that will be available in Singapore, Malaysia, Thailand, Taiwan, Indonesia, Vietnam, and the Philippines. The new offering allows users to access Agoda and Booking.com’s inventories of accommodation through the Shopee app. Li highlighted the introduction of new content to enrich Garena’s top-grossing game, Free Fire. “We continue to create high quality, diverse content so that our community can enjoy fresh and engaging experiences.” Garena also announced its first movie collaboration with Venom: Let There Be Carnage, to bring themed playable content, in-game items, and collectibles for gamers. Meanwhile, regarding digital financial services, Li mentioned the launch of “early initiatives” in financial services such as “buy now, pay later,” digital banking, and insurtech, without providing major details. The company launched a digital bank, SeaBank , in Indonesia in Q1 of this year. “These products are still in the early development phase, and we are currently focused on strengthening our models and operations,” Li said. “We intend to roll out more of these digital financial products in a thoughtful manner with our customary focus on long-term sustainable growth,” he added. Share

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Expert Collections containing Sea

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Sea is included in 2 Expert Collections, including Gaming.

G

Gaming

5,302 items

We define eSports as competitive gaming facilitated by electronic systems, in particular video games played on computers or consoles by professional gamers (though many do it as a hobby or pastime).

P

Payments

1,721 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

Sea Patents

Sea has filed 159 patents.

The 3 most popular patent topics include:

  • Broadcast engineering
  • Antennas (radio)
  • Electric power conversion
patents chart

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Sea Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
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Sea Rank

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