When Sea, the gaming-to-e-commerce-to-digital-payments company, announced its latest results, one thing was clear. Garena, its gaming business, was still doing the heavy-lifting.

It raked in US$369.7 million—a 113.2% year-on-year increase in revenue—in the quarter ended March 2020. In the same period, Sea’s e-commerce arm, Shopee, and its digital payments division, SeaMoney, brought in combined revenues of US$266.5 million.

Three years ago, the company made a conscious decision to rebrand as it readied for an IPO. Previously called Garena, it settled on Sea, an acronym for Southeast Asia—which revealed its sprawling ambitions beyond its home country of Singapore.

AUTHOR

Benjamin Cher

Based in Singapore, Ben covers news and stories from the hub of Southeast Asia. He covers the intersection of technology and business, and how it affects Singapore and Southeast Asia. Ben was previously a reporter at The Edge Singapore.

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