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Sunday, 12/06/2020 6:30:52 PM

Sunday, December 06, 2020 6:30:52 PM

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>>> Sea Limited (SE) -

One of this year's hottest stocks is still not a household name for most U.S. investors. Sea Limited is a fast-growing provider of online platforms in Southeast Asia. It started out as a gaming company a little more than a decade ago, but it now also operates the region's top e-commerce hub, Shopee. Its Sea Money digital payment and wallet platform isn't moving the needle just yet, but it is the fastest growing business for Sea Limited.

Things could get interesting on the fintech front in 2021. Sea Limited was awarded a digital bank license in its home country of Singapore on Friday. Revenue nearly doubled in its latest quarter, and Sea Limited is running on all cylinders. Its flagship online gaming platform was the relative laggard, and even there it came through with a 73% year-over-year revenue surge. There are now 572.4 million players on the platform. The stock has soared nearly fivefold in 2020, but until it becomes a household name outside of its home turf the ceiling remains high. <<<

>>> Sea Limited (SE) engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, such as livestreaming of gameplay and social features , such as user chat and online forums. The company also operates Shopee e-commerce platform, a mobile-centric marketplace that offers integrated payment and logistics infrastructure and seller services. In addition, it offers SeaMoney digital financial services to individuals and businesses, including e-wallet and payment services AirPay, ShopeePay, ShopeePayLater, and other digital financial services brands; and payment processing services for Shopee. The company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in April 2017. Sea Limited was founded in 2009 and is headquartered in Singapore.