Asia
Sea Shares Jump After It Makes Headway in Fight With Alibaba
- Southeast Asia e-commerce leader sees 2025 volumes growing 20%
- Company is battling tough competition from TikTok, Lazada
This article is for subscribers only.
Southeast Asia e-commerce leader Sea Ltd. predicted sales volumes for this year above analysts’ estimates, a signal it’s succeeding in fending off hard-charging rivals including TikTok and Lazada.
The company’s American depositary receipts jumped as much as 7.1% in New York after Sea said gross merchandise volume, or the value of goods sold, will rise about 20% at online retail arm Shopee. That suggests GMV of $120.6 billion, topping the $116.6 billion average analyst estimate. Singapore-based Sea’s fourth-quarter revenue of $4.95 billion also exceeded estimates.