社区

Sea Limited stock surged 4% in morning trading.

The worldwide e-commerce market reports sales could hit nearly $5 trillion in 2021. The migration of commerce from brick-and-mortar stores to the internet remains one of the most important growth stories of this era. Internet company Sea Limited(NYSE:SE) has emerged as the e-commerce leader in Southeast Asia while expanding into new markets such as Latin America, India, and Europe.

The company does more than e-commerce, tying successful gaming and digital payments businesses into its customer base. Sea Limited's Garena division owns FreeFire, the world's most popular mobile game.

Sea Limited has reported its 2021 second quarter, where revenue came in at $2.3 billion, a 159% increase year over year. An important thing to note is that the company, although reporting a net loss for the period, is seeing an increase in its number of active and quarterly paying users. It's just getting started in its new markets, so growth could easily continue to be rampant in the years ahead, forging a pathway to profitability.