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The Latest Breaking News from Sea Limited

3 Consumer Goods Stocks Wall Street Predicts Will Gain 60% or More

Although consumer confidence has been declining amid the rising inflation, stable job growth and rising wages are expected to support consumer spending. Given this backdrop, Wall Street analysts see a more than 60% upside potential in fundamentally sound stocks Amazon.com (AMZN), General Motors (GM), and Sea Limited (SE). Keep reading.

StockNews.com

This Alibaba Competitor Undertakes Aggressive Job Cuts Across Multiple Southeast Asian Markets

Sea Limited's (NYSE:SE) e-commerce arm Shopee laid off staff across multiple markets, DealStreetAsia reports. The layoffs to rationalize its e-commerce business encompassed several Southeast Asian markets, including Indonesia, Thailand, and Vietnam. Shopee's payments arm ShopeePay and food delivery business ShopeeFood also faced cuts. The competitor of the Alibaba Group Holding Limited (NYSE:BABA) hosted a general…

Benzinga

Alibaba Names Proven Leader As New Lazada Chief

Alibaba Group Holding Limited (NYSE:BABA) replaced Lazada Group CEO Chun Li with the head of its Thailand business, signifying brewing competition in Southeast Asia, Bloomberg reports. Lazada's new leader James Dong was also a one-time business assistant to Alibaba CEO Daniel Zhang before joining Lazada as its CEO for Thailand in 2018. In…

Benzinga

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Alibaba's Overseas Growth Push Gets Critical To Beat Domestic Slowdown

Alibaba Group Holding Limited's (NYSE:BABA) hunt for overseas growth is critical to offset sluggish demand at home by expanding in Europe through its Southeast Asian offshoot, Lazada, Reuters reports. Lazada plans to target local European vendors, while Alibaba's existing global platform, AliExpress, will continue to focus mainly on cross-border sales from China. However, the…

Benzinga

2 Stocks to Avoid at All Costs: Sea Ltd. and On Holding

The Russia-Ukraine war is projected to deteriorate supply chain conditions and increase inflation. This, along with the potential for aggressive interest rate increases this year by the Fed, could keep the stock market under pressure. So, we think it could be wise to avoid fundamentally weak stocks Sea (SE) and…

StockNews.com

Sea Limited Shutting Down E-Commerce Arm In India

SE stock dropped Monday as it announced plans to pull the company's e-commerce business out of India, six months after its launch there.

Investors Business Daily

Sea Limited Quarterly Results Miss on Earnings As Gaming Sales Slow

SE stock fell Tuesday as the Singapore-based provider of e-commerce and gaming reported quarterly results.

Investors Business Daily

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Roblox vs. Sea Limited: Which Growth Stock is a Better Buy?

Several growth stocks, such as Roblox (RBLX) and Sea Limited (SE), have fallen significantly over the past few months. Both of these companies are still unprofitable but offer the possibility of market-beating gains in the future.

StockNews.com

5 Overvalued E-Commerce Stocks to Avoid in February

After seeing surging demand since the onset of the COVID-19 pandemic, e-commerce companies are striving to deliver personalized shopping experiences to their customers. Although the industry possesses healthy long-term growth prospects, growing inflationary pressures and labor and supply chain constraints could cause overvalued e-commerce stocks Shopify (SHOP), Sea Limited (SE),…

StockNews.com

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