How Sea Limited Is Growing Larger Than Life
E-commerce giant Sea Limited (NYSE: SE) has shown incredible business growth since its IPO. From its debut around $4.5 billion in 2017, its current market capitalization has reached $190 billion, yet Sea Limited is still growing its revenue at or near triple-digit rates each quarter. Sea Limited's growth strategy -- built on hit games and a brilliant e-commerce platform -- remains intact, potentially allowing the business to continue expanding internationally toward a $1 trillion market cap.
Sea Limited expands by bringing its popular video games into a market, then promoting its other services through them. Its hit title Free Fire -- which has over 1 billion downloads on Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) Google Play -- was the highest-grossing mobile game in Southeast Asia, Latin America, and India in the second quarter of 2021. Sea has remained atop those charts for the past eight consecutive quarters in Latin America and Southeast Asia, and three consecutive quarters in India.
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Source Fool.com
