Singapore-based Sea Ltd on Tuesday (March 7) posted its first quarterly profit, as the gaming and e-commerce company benefited from major cost cuts it undertook to offset a post-pandemic slowdown in demand. Shares of the company soared over 15 per cent in morning trading. The Southeast Asian firm had shuttered operations in some countries, cut jobs, and slashed its spending.
By Jason Pan / Staff reporterAn advocacy group has urged the government to crack down on Shopee Taiwan Co Ltd （樂購蝦皮）, as the subsidiary of Singapore-based Sea Ltd （冬海集團） allegedly enables Chinese entities to gather information on Taiwanese users.