Sea Group

Sea Limited, also known as Sea Group, is a major Singaporean tech conglomerate founded in 2009. Initially launched as Garena, a digital entertainment platform, it expanded into e-commerce with Shopee and financial services through SeaMoney.

In 2023, it further diversified by establishing MariBank, a digital bank in Singapore. Sea has gained prominence through strategic ventures across Southeast Asia and Latin America, with its mobile game Free Fire becoming a global hit.

Under the leadership of Forrest Li, the company has evolved into a key player in digital entertainment, online shopping, and fintech, driving substantial revenue growth in recent years.

Sea Limited, a Singapore-based technology conglomerate, achieved significant financial milestones in 2024. The company reported a total GAAP revenue of US$16.8 billion, marking a 28.8% increase from the previous year. This growth was primarily driven by its e-commerce platform, Shopee, which generated US$12.4 billion in revenue, up 37.9% year-over-year. The digital financial services segment, SeaMoney, also saw substantial growth, with revenues rising 34.6% to US$2.4 billion. Sea’s net income for the year was US$447.8 million, a significant improvement from US$162.7 million in 2023. Adjusted EBITDA reached US$2.0 billion, compared to US$1.2 billion the previous year. The company’s digital entertainment division, Garena, reported bookings of US$2.1 billion, up 18.7% year-over-year, despite a slight decline in GAAP revenue to US$1.9 billion. These results reflect Sea Limited’s robust performance