Sea Ltd

Unlocking the Fortune: Public Gaming Giants Hoard Mind-Blowing $45 Billion Cash Stash, Reveals Konvoy

According to a report from venture capital firm Konvoy, publicly listed gaming companies, including Activision Blizzard, Electronic Arts, Nintendo, and others, currently hold a staggering $45.1 billion in cash and cash equivalents. This substantial cash reserve could potentially lead to further consolidation within the $188 billion video games industry. The report also highlights that gaming …

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Alibaba’s Lazada Attracts Sellers Impacted by Indonesia’s E-commerce Ban – A Lucrative Opportunity!

Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images Lazada, a Southeast Asian e-commerce marketplace owned by Alibaba, is actively seeking sellers impacted by Indonesia’s recent e-commerce regulation, said James Chang, the company’s Indonesia CEO, in a town hall …

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Breaking News: Indonesia Implements Ban on TikTok and Social Media Purchases Setting New Digital Commerce Regulations

Indonesia’s Ministry of Trade announced on Tuesday its plans to further regulate e-commerce, specifically mentioning that the country does not permit transactions on social media platforms. In an official release, the ministry stated, “One of the things that is regulated is that the government only allows social media to be used to facilitate promotions, not …

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Ride-hailing Unit of Grab Expected to Reach Pre-Covid Levels by End of 2023

Signages at the Grab Holdings Ltd. headquarters in Singapore, on Sunday, Aug. 20, 2023. Grab released earnings results on Aug. 23. Photographer: Ore Huiying/Bloomberg via Getty Images Ore Huiying | Bloomberg | Getty Images Singapore-based Grab said on Wednesday that its ride-hailing unit is expected to reach pre-Covid levels by the end of this year. …

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E-commerce competition forces Sea to prioritize growth over profits

Share prices of Sea Ltd., one of Southeast Asia’s leading tech companies, experienced a sharp decline after falling short of revenue expectations and announcing a shift towards prioritizing growth over profits. This strategic pivot is seen by analysts as a move to defend the company’s market share in the face of increased competition. Sea reported …

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TikTok Ventures Into Subscription-Based Music Streaming

TikTok, with its billion users, has quickly become a major player in the music industry and is now aiming to revolutionize the way artists are discovered and compensated. The popular short video app recently launched a new service, TikTok Music, which is poised to compete with music-streaming giants Spotify and Apple Music. The company plans …

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Atome partners with TikTok Shop to introduce buy now, pay later in Malaysia

Two sellers offering merchandise for sale through a TikTok livestream. Bay Ismoyo | Afp | Getty Images TikTok has partnered with Atome, a “buy now, pay later” service, to introduce installment payments on its e-commerce marketplace in Malaysia. This move is part of TikTok’s broader strategy to expand its e-commerce presence in Southeast Asia. Under …

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