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Hello readers,
One of the things I look forward to is Sea’s quarterly earnings. As perhaps Southeast Asia’s largest internet company, its performance is a bellwether for the region.
I’m not the only one who’s curious: Coverage of its latest earnings came fast and furious, with a lot of reports fixating on Sea’s huge net loss.
But financial metrics can be tricky to unpack. By another measure, Sea is actually profitable, and that’s due to a quirk in the accounting of gaming revenue. I dive into that and more in my piece on Sea’s earnings.
News reports on earnings can be dry and numbers-laden so I tried to make mine interesting with plenty of charts. Hope you like it!
— Terence Lee, Chief Editor at Tech in Asia
TOP STORIES THIS WEEK
1️. Shopee hits profitability milestone; Sea in the black for 2 straight quarters
Its ecommerce arm, Shopee, may be registering a gross profit.
2️. Vietnamese ride-hailing startup Be Group’s alternative approach to success
The ride-hailing space in Vietnam is a competitive one, but Be Group has a unique game plan for getting ahead.
3️. As Southeast Asia enters a golden age, here are the key opportunities
This in-depth report attempts to gaze into the crystal ball and see what the next decade holds for us.
4. Temasek-backed Chinese edtech firm looks to raise $100m in US IPO
The company hasn’t achieved profitability yet.
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