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Sea Group’s net losses widen even though revenues rose to USD 2.7 billion in Q3 2021

Sea Group doubled revenues in Q3, but it also reported a 34% increase in net losses.

4 mins read

The company faces challenges as regulatory walls close in and competition intensifies.
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Game streaming platform Douyu loses profitability in Q3
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The company serves customers such as airlines operators, freight companies, and e-commerce platforms across Southeast Asia.
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Logistics startup Quincus eyes US expansion after second Series B close
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Huawei to license phone designs to external firms to bypass US sanction, report says
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JAL Ventures focuses on post-seed and Series A rounds.
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Israel VC JAL Ventures closes second fund at USD 105 million
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Singapore agritech startup Glife raises USD 8 million Series A to expand in Malaysia and Indonesia
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Indonesia’s Ula snags additional USD 23.1 million in extended Series B round
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Major platforms highlighted sustainability efforts instead of sales numbers during the world’s largest shopping event.
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E-commerce giants show shift towards sustainability on Singles’ Day
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Singapore group’s market cap doubles despite losses, chasing Alibaba, Tencent.
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Sea expands globally with European e-commerce, US investment
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