Sea hits record revenue but big losses remain

techcrunch.com

Revenue shot up by 71% to reach $220 million, but the firm carded a big lost $251 million loss. Sea did reveal sales figures for Shopee for the first time: it grossed $58.8 million for the quarter and carded huge growth. Perhaps not a big surprise since the service only recently began monetizing, but at least there will be more figures to analyze going forward -- GMV isn't very illustrative.

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