Sea Limited was the first Southeast Asian company to reach a $200 billion market capitalization.
Sea Limited reached approximately $200 billion in market value in October 2021 during a powerful rally in its U.S.-listed shares. Investors were valuing the Singapore-based company’s combination of digital entertainment, e-commerce, and financial-services businesses.
The company was founded in 2009 by Forrest Li and was originally called Garena. Its businesses include Garena, the digital-entertainment division; Shopee, an e-commerce platform; and SeaMoney, a digital-payments and financial-services arm.
Market-cap records can be temporary because share prices change daily. Sea’s earlier surge was followed by major volatility as investors reassessed growth, profitability, competition, and interest rates. The milestone remains notable because it demonstrated the scale that a Southeast Asian internet company could achieve in global public markets.