Will Sea Limited Be a Trillion-Dollar Company by 2030?
The trillion-dollar stock club is still a small group that includes just Amazon, Facebook, Microsoft, Apple, and Alphabet. A common trait among its members is that they have multiple businesses that dominate the markets they compete in. Sea Limited (NYSE: SE) is an internet company in Southeast Asia ("SEA," for short) that shows the potential to reach that milestone someday. Here are three reasons why.
Sea Limited is a conglomerate of digital products and services that include e-commerce, gaming, and digital payments. Its business segments dominate the market in SEA, much as Amazon dominates e-commerce in the United States.
According to a Google report, the SEA region's digital economy is worth (shown as GMV, or gross marketplace volume) approximately $100 billion as of 2020. Sea Limited captured $35.4 billion of that through its e-commerce business, Shopee, alone in 2020. Sea's management claims that Shopee is the most popular shopping app in SEA by monthly active users and time spent on the app. This level of engagement shows up in the financials. Shopee's GMV grew to $12.6 billion in 2021 Q1, a 103% increase year over year.
Source Fool.com
