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Sea makes S$50 million gift to advance cutting edge research and education at NUS School of Computing
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Commentary: Sea Limited should stick to its core businesses, especially gaming
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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.
Operator
Good morning and good evening. Welcome to the Sea Limited fourth-quarter and full-year 2020 results conference call. [Operator instructions] After today s presentation, there will be an opportunity to ask questions. Please note, this event is being recorded.
I would now like to turn the conference over to Ms. Minju Song. Please go ahead.
Minju Song
Senior Manager and Group Chief Corporate Officer
Hello, everyone, and welcome to Sea s 2020 fourth-quarter and full-year earnings conference call. I am Minju Song from Sea s group chief corporate officer s office. Before we continue, I would like to remind you that we may make forward-looking statements which are inherently subject to risks and uncertainties and may not be realized in the future for various reasons as stated in our press release. Also, this call includes the discussion of certain non-GAAP financial measures such as adjusted EBITDA, and net loss excluding share-based compensation, and changes in fair value
Singapore unicorn Sea s 2020 gross profit doubles on e-commerce, gaming boom
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