Sea beats revenue estimates as Shopee turns profitable, shares jump
Taiwan
:South East Asian technology firm Sea Ltd beat third-quarter revenue estimates on Tuesday and said its e-commerce business, Shopee, turned profitable, sending its shares up more than 17 per cent in early trading. The stock opened at its highest in more than two years, after more than doubling in value this year. Shopee reported growth in purchases across Southeast Asia and Taiwan as consumers splurged ahead of the holiday and travel season. The business achieved adjusted core profit in the
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