Sea Ponders Raising Funds for E-Commerce as Loss Triples
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Sea Ltd., operator of Southeast Asia’s biggest gaming platform, said it may raise funds to strengthen its balance sheet after its quarterly loss tripled on rising investments at mobile-shopping unit Shopee.
The Singapore-based gaming and e-commerce company said its net loss during the three months ended in March was $215.6 million, compared with $73.1 million a year earlier. Total revenue rose 65 percent to $155 million.