LAST Monday, Sea Ltd employees were starting their week when an email from chief executive officer Forrest Li (pic) arrived. In the 900-word memo, the billionaire adopted a contrite tone, addressing head-on a US$150bil (RM630bil) plunge in his company’s value since late 2021.
“This drop is painful, and you might be feeling frustrated, disheartened, or worried about Sea’s future,” the 44-year-old wrote in his email seen by Bloomberg News, sent company-wide the first working day after Sea notched its third-biggest stock decline.
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