Sea Limited (SE)

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Sea Limited Stock Rose More than 500% in 2020. Here's Why.

Lawrence Nga, The Motley Fool
Updated Tue, February 2, 2021, 8:38 AM

Forced to stay at home, people bought more goods online and spent more time playing games, leading to strong revenue growth for industry e-commerce bellwethers like Amazon.com and Tencent Holdings. The quickened pace of digital transformation made these stocks big winners, with the stock prices for Square, Tencent, and Amazon rising 250%, 47%, and 74%, respectively, in 2020. Riding the bullish waves for all three industries -- gaming, e-commerce, and fintech -- Sea Limited's stock price is up 508% from its 2020 lows.

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