So many be_老虎社区_美港股上老虎

2021-11-15

So many bears keep posting about VIE structures being worthless and a big risk owning Tech. And someone here has been posting that

is also under a VIE structure. Well, he's is correct and their share price keeps hitting new ATHs.

Sea Limited (the “Company”) is a limited liability company incorporated in the Cayman Islands on May 8, 2009 and conducts its business primarily through its subsidiaries and variable interest entities in markets including Singapore, Thailand, Taiwan, Vietnam, Indonesia, Malaysia and the Philippines.

(a)As of December 31, 2018, significant subsidiaries of the Company and its consolidated variable interest entities (the “VIEs”) where the Company or its wholly-owned subsidiaries, namely Garena Limited, Shopee Southeast Asia Limited (formerly known as Shopee Limited) or Airpay Limited is the primary beneficiary (collectively refers to as the “Primary Beneficiary”) include the following entities.$Sea Ltd(SE)$

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