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"Southeast Asia Alibaba" shares rose 880% in 18 months, No.1 in the world: Tencent is the largest shareholder

via:驱动之家     time:2020/8/6 17:35:55     readed:209

During the epidemic period, some companies fell sharply and suffered heavy losses, while others took advantage of the situation to rise and their share prices soared.

According to foreign media reports,Yes

Shares of Singapore based gaming, e-commerce and payment company sea have risen more than 880% in the past 18 months, the biggest gain among companies with a market capitalisation of more than $1 billion

Forrest Li, a 42 year old billionaire and sea founder and CEO, said he has been in the office seven days a week since April, leading his company through the most critical year.

After a big rise, Sea's market value has soared to $65 billion, making it Southeast Asia's largest company, with the potential to become

Data show that sea was founded in 2009, and its predecessor was CG game, a project of Chen ou, founder of Jumei Youpin, which was later launched by Chen ou. In October 2018, sea was listed on the New York Stock Exchange. Tencent was its largest shareholder with a shareholding ratio of 39.7%.

Sea is famous for its Garena game business. The first self-made mobile phone game "free fire" was a great success, and it also represented Tencent's "League of heroes" and "King's glory" and other games.

In addition, its shopee platform surpassed Alibaba's lazada in the fourth quarter of 2019, becoming the largest e-commerce service provider in Southeast Asia, accounting for more than 40% of sea's revenue.

It is reported that during the epidemic, sea's mobile game business and online shopping platform demand surged, driving its share price soaring.


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