$Sea Ltd(SE)$What I have learnt over the years is that when everyone says keep pumping and it will increase, run fast as you can. This is a much correction needed to reflect the actual value that has inflated over a short 1-2 years period. Probably, the entire equity market. 

Specifically for SEA, a loss making business regardless of growth and potential is still driven by massive money burning. People who are in E-commerce industry knows very well the scene behind every numbers reported, it is just a money game. Ultimately, no E Commerce company is profit, till today. 

Unless Shoppee starts to monetise aggressively from its platform, but then you have sellers who will shift to other platforms due to increased cost. So think again? Who benefit from all this? Who funded for all this Low prices? This is a much practical question needed for an answer. 

Some say, new market expansion, but in a new market = more money burning for market share. How long wil this continue? Once, it’s stabilise, then another competitor pops up and there will be a shift. Mind you, there are many other e-commerce platforms. Amazon is profitable due to AWS and investors loves the guaranteed revenuedue to SAAS from its Business users.