Tuesday, August 15, 2023

Southeast Asian internet giant Sea reports Q2 revenue up 5.2% YoY to $3.1B, below $3.2B est., and Shopee revenue up 21% YoY, the slowest on record; SE drops 13% (Olivia Poh/Bloomberg)

Olivia Poh / Bloomberg:
Southeast Asian internet giant Sea reports Q2 revenue up 5.2% YoY to $3.1B, below $3.2B est., and Shopee revenue up 21% YoY, the slowest on record; SE drops 13%  —  - Online-retail arm Shopee posts slowest growth on record  — Tech firm's shares plunge about 13% in pre-market trading



No comments:

Post a Comment

India extends a deadline for implementing a 30% cap on any company's share of transactions on UPI payments network, providing relief to Google Pay and PhonePe (Manish Singh/TechCrunch)

Manish Singh / TechCrunch : India extends a deadline for implementing a 30% cap on any company's share of transactions on UPI payment...