Sea Limited (NYSE:SE), together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, including live streaming 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 provides integrated payment and logistics infrastructure and seller services. In addition, it offers SeaMoney digital financial services to individuals and businesses, including offline and online mobile wallet, and payment processing services, as well as other offerings across credit, insurtech, and digital bank services under the ShopeePay, SPayLater, SeaBank, 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 incorporated in 2009 and is headquartered in Singapore.
Based in Singapore, Sea Limited is one of the largest e-commerce companies in Asia. The company also operates other high-growth businesses, including financial technology (fintech) and gaming. Chinese tech giant Tencent is a significant investor in the e-commerce group.
Sea Limited has introduced its most popular mobile game, Free Fire, to gamers in new territories, including India and Latin America. Once this popular game gained a foothold, the company launched its e-commerce platform Shopee and its digital payments solution platform Sea Money. The company utilized a land-and-expand strategy to gain market share.
Therefore, Sea Limited is a growth stock that can generate life-changing wealth in 20 years is Singapore-based conglomerate. Although it could still take a few years before Sea Limited turns the corner to recurring profitability, it has a foundation in place that should prove quite fruitful for long-term investors.