Asia

Sea Sales Top Estimates as Online Shoppers Keep Spending

A sorting facility of Sea's SPX in Singapore.
Photographer: Aparna Nori/Bloomberg

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By Olivia Poh and Benicia Tan

August 12, 2025 at 10:33 AM UTC

Updated on

August 13, 2025 at 2:00 AM UTC

Sea Ltd.’s soaring sales has brought it close to reclaiming its title as Southeast Asia’s most valuable company, with the stock’s 19% jump in New York on Tuesday leaving its market capitalization near that of DBS Group Holdings Ltd.

The Singapore-based e-commerce company is now valued at $103 billion, compared with $113 billion for DBS, the regional banking giant based in the same city. Sea posted sales that topped estimates on Tuesday, as more of Southeast Asia’s consumers turn to online shopping for anything from iPhones to daily groceries.