{
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  "organisationId": "O-08141fa892304f5bb812ffa77b500352",
  "slug": "sea",
  "name": "Sea Ltd",
  "updatedAt": "2026-09-28T11:44:55.079899Z",
  "sections": [
    {
      "type": "OVERVIEW",
      "text": "Sea Limited is a technology company founded in Singapore in 2009. Its mission is to better the lives of consumers and small businesses with technology. Its three core businesses are Garena, which develops and publishes online games; Shopee, an e-commerce platform; and Monee, which provides digital payments and financial services. [https://www.sea.com/investor/home]\n\nSea’s principal markets are Southeast Asia, Taiwan and Latin America. Shopee is particularly prominent in Southeast Asia, Taiwan and Brazil, while Monee focuses on Southeast Asia and has a growing presence in Latin America. Sea reported revenue of approximately US$22.9 billion in 2025. [https://www.sea.com/investor/home][https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/R4.htm]\n[https://www.sea.com/investor/home][https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/R4.htm]",
      "updatedAt": "2026-09-28T11:44:55.079899Z"
    },
    {
      "type": "PRODUCTS",
      "text": "Shopee is Sea Ltd’s mobile-focused e-commerce marketplace. Buyers can browse and purchase products, including from brands and large retailers on Shopee Mall. Sellers can create storefronts, list products, communicate with buyers and use integrated payment, logistics and fulfillment services. Shopee Live lets viewers purchase products during interactive seller and creator livestreams; sellers can also buy keyword-based advertising. Shopee earns revenue from advertising, transaction fees, logistics and other services, as well as goods it sells directly. [P153525236][P153525241][P153525246][P153525271][P153526975]\n\nGarena develops and publishes mobile and PC games. Its in-house-developed title Free Fire is a mobile battle-royale game available in more than 160 markets. Garena generally offers games free to play and earns revenue from purchases of virtual items and season passes. [P153525293][P153525297][P153525313]\n\nMonee, formerly SeaMoney, offers digital financial products including e-wallets, payment processing, consumer and small-business credit, banking, insurance and wealth services. Its credit offerings include buy-now-pay-later installments, cash loans and unsecured loans for sellers; other services include seller fast escrow and insurance through MoneeInsure. In 2025, e-commerce accounted for approximately 72% of Sea’s reported revenue, digital financial services 17% and digital entertainment 11%. [P153525277][P153525278][P153525279][P153525280][P153525281][P153525282][T17689242]\n[P153525236][P153525241][P153525246][P153525271][P153526975][P153525293][P153525297][P153525313][P153525277][P153525278][P153525279][P153525280][P153525281][P153525282][T17689242][T17689242][T17689242][T17689242]",
      "updatedAt": "2026-09-28T11:44:55.079899Z"
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    {
      "type": "GEOGRAPHY",
      "text": "Sea Limited’s principal executive offices are in Singapore. Its operations span Southeast Asia, Taiwan and Latin America: Shopee operates across Southeast Asia and Taiwan and has a significant Latin American presence, while SeaMoney operates primarily in Southeast Asia, with a growing presence in Brazil. Garena’s Free Fire is available in more than 160 markets. [P153516576][P153516605][P153516644][P153516665]\n\nIn 2024, Southeast Asia accounted for $11.77 billion, or 70.0%, of Sea’s revenue; Latin America contributed $3.28 billion (19.5%); the rest of Asia $1.59 billion (9.4%); and the rest of the world $178 million (1.1%). These figures are classified by where services were provided or goods sold, rather than by office location. Sea defines Southeast Asia as Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam; Taiwan is reported separately from that group in its market descriptions. [T17686844][P153517143][P153516605][https://www.sec.gov/Archives/edgar/data/1703399/000119312525084311/d940352d20f.htm]\n[P153516576][P153516605][P153516644][P153516665][T17686844][T17686844][T17686844][T17686844][T17686844][T17686844][T17686844][T17686844][P153517143][https://www.sec.gov/Archives/edgar/data/1703399/000119312525084311/d940352d20f.htm]",
      "updatedAt": "2026-09-28T11:44:55.079899Z"
    },
    {
      "type": "SEGMENTS",
      "text": "Sea reports three business segments: e-commerce (Shopee), digital financial services (Monee) and digital entertainment (Garena). [P153527412] Shopee is an online marketplace that earns revenue from advertising and transaction-based fees and provides related logistics and fulfillment services. [P153525241][P153525792][P153524956] Monee provides payments, consumer and small-business credit, banking, insurance technology and wealth services, including payment services used on Shopee. [P153527415] Garena develops and publishes online games, including Free Fire, and primarily monetizes them through in-game purchases and season passes. [P153525297][P153525313]\n\nIn 2025, Shopee generated approximately 72% of consolidated revenue, Monee 17% and Garena 11%. Other Services, presented separately from the three reportable segments, contributed less than 1%. [T17688835]\n[P153527412][P153525241][P153525792][P153524956][P153527415][P153525297][P153525313][T17688835][T17688835][T17688835][T17688835][T17688835]",
      "updatedAt": "2026-09-28T11:44:55.079899Z"
    },
    {
      "type": "HISTORY",
      "text": "Sea Limited was founded in Singapore in 2009 as Garena, an online-games business, by Forrest Li and co-founders Gang Ye and David Chen. It expanded into e-commerce with the launch of Shopee in 2015. In 2017, the company adopted the Sea Limited name and listed on the New York Stock Exchange; that December, Garena launched Free Fire, its first self-developed mobile game. [https://www.sea.com/investor/home][https://www.sea.com/aboutus/leadership/management/ForrestLi][https://www.sea.com/aboutus/leadership/management/GangYe][https://www.sea.com/aboutus/leadership/management/DavidChen][https://www.sea.com/news/383][https://www.sec.gov/Archives/edgar/data/1703399/000119312517315485/d363501d424b4.htm][https://ff.garena.com/en/article/7/][https://cdn.garenanow.com/webmain/static/resource/seagroup/press/2018-02-28%20-%20Sea%20Fourth%20Quarter%20and%20Full%20Year%202017%20Results.pdf]\n\nSea also developed a digital-financial-services business from its AirPay payments platform. A further milestone came in 2020, when Sea was selected for a Singapore digital full-bank licence; in 2021, it acquired Indonesian lender Bank Kesejahteraan Ekonomi. After a period of international expansion, Sea pulled Shopee out of India in 2022 as it shifted its focus toward financial self-sufficiency. [https://cdn.garenanow.com/webmain/static/resource/seagroup/press/2018-02-28%20-%20Sea%20Fourth%20Quarter%20and%20Full%20Year%202017%20Results.pdf][https://www.sea.com/news/168][https://www.reuters.com/article/business/indonesian-banking-regulator-says-sea-groups-shopee-acquires-bank-bke-idUSL1N2KO0DZ/][https://www.reuters.com/business/retail-consumer/exclusive-sea-e-commerce-arm-shopee-shut-india-operations-statement-2022-03-28/][https://www.sec.gov/Archives/edgar/data/1703399/000110465922119122/tm2230567d1_ex99-1.htm]\n[https://www.sea.com/investor/home][https://www.sea.com/aboutus/leadership/management/ForrestLi][https://www.sea.com/aboutus/leadership/management/GangYe][https://www.sea.com/aboutus/leadership/management/DavidChen][https://www.sea.com/news/383][https://www.sec.gov/Archives/edgar/data/1703399/000119312517315485/d363501d424b4.htm][https://ff.garena.com/en/article/7/][https://cdn.garenanow.com/webmain/static/resource/seagroup/press/2018-02-28%20-%20Sea%20Fourth%20Quarter%20and%20Full%20Year%202017%20Results.pdf][https://www.sea.com/news/168][https://www.reuters.com/article/business/indonesian-banking-regulator-says-sea-groups-shopee-acquires-bank-bke-idUSL1N2KO0DZ/][https://www.reuters.com/business/retail-consumer/exclusive-sea-e-commerce-arm-shopee-shut-india-operations-statement-2022-03-28/][https://www.sec.gov/Archives/edgar/data/1703399/000110465922119122/tm2230567d1_ex99-1.htm]",
      "updatedAt": "2026-09-28T11:44:55.079899Z"
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