Sea launches investment arm, expects e-commerce sales to double in 2021

Sea e-commerce arm Shopee reported $842.2 million in e-commerce revenues for the last three months of 2020

SINGAPORE (Reuters) - Southeast Asian e-commerce and entertainment group Sea said on Tuesday it would launch an unit to manage its investments, as well as its own artificial intelligence labs.

Called Sea Capital, the investment arm is the result of the acquisition of a Hong Kong-licensed global investment management firm and will launch with an initial $1 billion in capital.

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Sea , Sea Capital , Shopee


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