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Sea Ltd. operates in the technology sector, with a strong presence in the industries of e-commerce, digital entertainment, and digital financial services. The company was founded in 2009, in Singapore, by Forrest Li, originally under the name Garena.
It functions as a digital conglomerate through three main business units:
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Garena: its digital entertainment division, responsible for developing and distributing online games. Its most successful title is Free Fire, one of the most popular mobile games worldwide, especially in emerging markets.
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Shopee: an e-commerce platform connecting buyers and sellers, with a strong footprint in Southeast Asia, Taiwan, and Latin America. Shopee has become one of the leading e-commerce platforms in the region.
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SeaMoney: the company’s digital financial services arm, offering mobile payments, digital wallets, consumer credit, and other fintech services through online and mobile platforms.
Sea Ltd.'s strategy focuses on digitalizing services in emerging markets, particularly in Southeast Asia and Latin America, where there is strong growth potential in digital consumption, internet access, and financial inclusion.
Its business model is driven by the synergy between its segments — Shopee users use SeaMoney services, while Garena’s games drive user engagement across the ecosystem.
Sea Ltd. is listed on the New York Stock Exchange (NYSE) under the ticker SE.
History and Founding of Sea Ltd.
Sea Ltd. was founded in 2009, in Singapore, by Forrest Li, under the original name Garena, with a focus on the online gaming sector. The name "Garena" is derived from “Global Arena,” reflecting the company's mission to connect gamers worldwide.
In its early years, the company gained recognition by publishing popular games like League of Legends and Call of Duty Mobile, through partnerships with leading global game developers. A major milestone came in 2017 with the launch of Free Fire, a free-to-play battle royale game for mobile devices that became a global sensation — particularly in regions such as Brazil, India, Southeast Asia, and the Middle East.
The name change to Sea Ltd. also happened in 2017, marking the company’s diversification beyond gaming. That same year, Sea officially launched Shopee, which rapidly became one of the largest e-commerce platforms in Southeast Asia.
In 2017, Sea Ltd. held its initial public offering (IPO) on the NYSE, raising approximately US$ 884 million and entering the global capital markets.
With the rise of e-commerce and digital finance, Sea Ltd. launched and expanded SeaMoney, reinforcing its digital ecosystem and integrating financial services into its platforms.
Between 2020 and 2024, Sea Ltd. expanded its operations across Latin America, especially in Brazil and Mexico, and invested in digital infrastructure, logistics, and product innovation. Despite facing competition and operational adjustments, the company remained focused on sustainable growth.
Today, Sea Ltd. is led by Forrest Li, its founder and CEO, and continues to invest in technology, digital inclusion, and international expansion, consolidating its position as a leading digital player in emerging markets.
Additional Information
The Company Sea Ltd (United States), is listed on Nasdaq with a market cap of $ 79.72 Billions, having an equity of $ 10.30 Billions.
The Company is listedthe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 21.04 Billions, which generated a profit in the amount of $ 1.42 Billion.
As for its main indicators, the Company has a P/E ratio of 56.09, a P/BV ratio of 7.74 and in the last 12 months the Company did not pay dividends.
The Company is traded internationally through the ticker SE.
