Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

3 Reasons the Worst Could Be Over for Sea Limited's Shopee

TheMotleyFool

0 0

3 Reasons the Worst Could Be Over for Sea Limited's Shopee: https://g.foolcdn.com/editorial/images/778279/credit-score-shopping-getty.jpg

Sea Limited (NYSE: SE) reached a new height in 2023 as it delivered its first-ever profitable year. Investors were delighted, sending the stock up by 90% since the beginning of the year.

While there are several reasons to be optimistic about Sea's prospects, investors were particularly positive about the recent progress in Sea's e-commerce business, Shopee.

The last few years have been a roller-coaster ride for Shopee. Launched only in 2015, Shopee was expanding rapidly, but the COVID-19 pandemic gave it another considerable boost. Revenue surged by 160% in 2020 and jumped 136% in 2021.

Source Fool.com

Like: 0

Share