When Sea Limited (NYSE: SE) went public in 2017, it wasn't the e-commerce giant we know today. Then, it was mainly a gaming company, led by Garena, that was expanding into other markets like e-commerce and fintech.

In fact, Garena was the sole source of profits at Sea for many years and is still a major profit center today, even though the business has contracted massively from its pandemic-era peak.

Fortunately, there are signs things have stabilized for Garena, and it could finally be reversing that downward trend in 2024.

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Source Fool.com