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Sea Shares Hit Two-Year Peak After Shopping Arm Posts Profit

By Yahoo! Finance   |   Nov 12, 2024 at 11:26 PM EST
Sea Shares Hit Two-Year Peak After Shopping Arm Posts Profit

Sea Ltd.'s stock surged after its e-commerce business returned to profit, outperforming Chinese rivals like Alibaba. The company reported strong financial results, easing concerns about competition in Southeast Asia. Sea aims to maintain profitability and growth with Shopee, supported by its gaming unit Garena.

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