Singapore’s Sea tumbles as e-commerce slows down

Chief executive officer Forrest Li’s net worth is estimated at US$9.4bil, according to the Bloomberg Billionaries Index.

SINGAPORE: Sea Ltd, South-East Asia’s most valuable company, tumbled after reporting third-quarter financial results that showed signs of a slowdown in e-commerce growth.

The Singapore-based company’s revenue doubled to US$1.2bil for the quarter and it boosted annual forecasts for two key businesses.