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Fortune
Fortune
Lionel Lim

AI and logistics lift Sea Group to its second-ever annual profit—including e-commerce success in an unexpected market

(Credit: Wei Leng Tay—Bloomberg via Getty Images)

Singapore tech giant Sea Group reported its second-ever annual profit Tuesday, sending shares surging by around 6% in early trading in what was otherwise a tough morning on the U.S. markets.

Sea, which owns the e-commerce platform Shopee and the video game publisher Garena, reported an annual profit of $447.8 million.

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