Sea
| File:Sea Logo.jpg | |
| Public | |
| Traded as | NYSE: SE |
| ISIN | 🆔 |
| Industry |
|
| Founded 📆 | 8 May 2009 |
| Founder 👔 | Forrest Li (Founder); Gang Ye (Co-founder); David Jingye Chen (Co-founder) |
| Headquarters 🏙️ | , Singapore |
Area served 🗺️ | |
| Products 📟 | Garena; Shopee; SeaMoney |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Sea Group (also known as Sea and stylized as Sea) is a global consumer internet company headquartered in Singapore that operates in markets including Southeast Asia, Taiwan, and Latin America. Its core businesses include digital entertainment, e-commerce (online shopping), and digital financial services, known as Garena, Shopee, and SeaMoney respectively.[1]
Sea was founded in Singapore as an online gaming company, Garena, a portmanteau of "global arena", in 2009.[2] In May 2017, the company announced that it had changed its name to “Sea”.[3]
On October 20, 2017, Sea completed its initial public offering and listed on the New York Stock Exchange under the ticker symbol SE in the largest ever U.S. IPO by a Southeast Asian tech company.[4]
History
As Garena, it diversified into other businesses such as digital financial services through AirPay in 2014, and e-commerce through Shopee in 2015.[5] In 2017, Sea moved into games development with the launch of Free Fire, the first game fully developed in-house by Garena.[6]
In May 2017, Garena announced that "Sea", an acronym for Southeast Asia, would be the company’s new name at the corporate holding company level, while "Garena" would still be maintained for its digital entertainment business.[7]
In the fourth quarter of 2019, Sea introduced “SeaMoney” as the overall brand for its digital financial services business.[8]
Businesses
Garena
As the original name of the company, Garena publishes games and organise eSports tournament.
Shopee
Shopee is an e-commerce platform launched in 2015 across seven markets – Indonesia, Malaysia, the Philippines, Singapore, Taiwan, Thailand, and Vietnam.[9]
SeaMoney
Launched in 2014, SeaMoney offers mobile wallet services, payment processing, credit related digital financial offerings, and other financial products – through a variety of brands, such as AirPay, ShopeePay, ShopeePayLater, and other brands.[1]
References
- ↑ 1.0 1.1 "Sea Limited Reports Fourth Quarter and Full Year 2019 Results". sec.gov. U.S. Securities and Exchange Commission. 3 March 2020. Retrieved 1 July 2020.
- ↑ Koh, Joyce; Lee, Yoolim; Chew, Elffie (11 January 2017). "Singapore's Garena Picks Goldman for $1 Billion IPO". Bloomberg. Retrieved 1 July 2020.
- ↑ Lee, Yoolim (8 May 2017). "Garena Rebrands as Sea After Raising $550 Million in New Funding". Bloomberg. Retrieved 1 July 2020.
- ↑ Cheok, Jacquelyn (31 October 2017). "SEA's IPO noteworthy on many fronts". The Business Times. Retrieved 1 July 2020.
- ↑ Lee, Marissa (23 September 2017). "Tencent-backed Sea, formerly Garena, begins process for New York IPO". The Straits Times. Retrieved 1 July 2020.
- ↑ Soo, Zen (26 June 2018). "Singapore's gaming-to-shopping company Sea to develop more games, financial services to strengthen internet ecosystem in Southeast Asia". South China Morning Post. Retrieved 1 July 2020.
- ↑ Lee, Yoolim (26 October 2017). "Singapore's Game Startup Sea Raised $884 Million in New York IPO". Bloomberg | Quint. Retrieved 23 October 2019.
- ↑ Tay, Vivienne (4 March 2020). "Sea's Q4 revenue surges on Garena, Shopee growth". The Business Times. Retrieved 1 July 2020.
- ↑ "SHOPEE PARENT COMPANY SEA LISTS ON NEW YORK STOCK EXCHANGE". Digital News Asia. 24 October 2017. Retrieved 1 July 2020.
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