Tech giant Sea makes big strides as it takes on digital banking

Sea's online shopping platform Shopee has been reaping gains in e-commerce amid the pandemic - its third-quarter gross merchandise value was up 102.7 per cent year on year to US$9.3 billion (S$12.4 billion).
Sea's online shopping platform Shopee has been reaping gains in e-commerce amid the pandemic - its third-quarter gross merchandise value was up 102.7 per cent year on year to US$9.3 billion (S$12.4 billion).ST PHOTO: GAVIN FOO

BUSINESS GO-GETTERS | Despite the economic slump this year, some Singapore firms have been able to seize opportunities and prevail against adversity, such as Sheng Siong, Sea and Ninja Van. The Straits Times looks at their business performance and the outlook ahead.

Singapore-based technology giant Sea, which owns e-commerce platform Shopee, has rapidly grown to become South-east Asia's most valuable company and one of the region's largest tech players over the past year.

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A version of this article appeared in the print edition of The Straits Times on December 23, 2020, with the headline 'Tech giant Sea makes big strides as it takes on digital banking'. Subscribe