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Daniel W. Vena, CPA, CGMA is a long-term investor searching for intangibles that provide explosive growth opportunities in his investments. He served on active duty with the US Army and has a Bachelor s degree in accounting.
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Last year, Cathie Wood was able to break away from the pack. The founder and CEO of ARK Investment Management made a name for herself when her five flagship exchange-traded funds (ETFs) crushed the returns of the broad market, each returning more than 100% during 2020. Her focus on emerging technologies and disruptive companies has fueled impressive results, attracting a cult-like following for the fund manager.
Popular platform: Sea forecasts 2021 revenue at Shopee of US$4.5bil to US$4.7bil,
up from US$2.2bill in 2020. Reuters
SINGAPORE: Sea Ltd expects e-commerce revenue to double in 2021, sustaining its torrid pace of growth as South-East Asia’s most valuable company counts on regional online shopping demand to persist after the pandemic.
Revenue rose to US$1.6bil in the last three months of 2020 from US$777.2mil a year earlier, Singapore-based Sea said in a statement. Net loss widened to US$523.6mil from US$283.8mil.
Sea, backed by Tencent Holdings Ltd, has emerged as a stock-market sensation since its initial public offering in New York in 2017, as investors bet the company can establish itself as a leader in e-commerce and gaming in South–East Asia.
Shopee parent Sea s sales double as Asian shoppers go online in pandemic thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Singapore unicorn Sea s 2020 gross profit doubles on e-commerce, gaming boom dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.