Sea Limited became the first publicly traded company from Southeast Asia to exceed a $200 billion market capitalization in October 2021.
The Singapore-based technology group reached the level during a powerful rise in its share price. Investors were attracted to the growth of its digital-entertainment, e-commerce, and digital-financial-services businesses.
Sea’s three major businesses became associated with the brands Garena, Shopee, and SeaMoney. Garena operates digital entertainment, Shopee is an e-commerce platform, and SeaMoney provides digital payments and financial services.
The milestone was reached at a time of unusually strong enthusiasm for internet companies and later proved temporary as technology stocks declined. “Southeast Asian company” describes Sea’s regional headquarters and origins, while its users and operations extend across many countries.