Forrest Li, chairman and group chief executive officer of Sea Ltd, poses for a photograph in Singapore on July 8, 2020. Photo: Bloomberg
Forrest Li, chairman and group chief executive officer of Sea Ltd, poses for a photograph in Singapore on July 8, 2020. Photo: Bloomberg
E-commerce

Video gaming and e-commerce mogul sees wealth losses surpass US$10 billion after Tencent sells Sea shares

  • Sea founder Forrest Li has lost nearly US$11 billion since stock peaked in October, as losses accelerated after Tencent offloaded a sizeable stake
  • E-commerce platform Shopee and mobile game Free Fire turned Sea into Southeast Asia’s most valuable company, but competition has raised profitability concerns

Topic |   E-commerce
Forrest Li, chairman and group chief executive officer of Sea Ltd, poses for a photograph in Singapore on July 8, 2020. Photo: Bloomberg
Forrest Li, chairman and group chief executive officer of Sea Ltd, poses for a photograph in Singapore on July 8, 2020. Photo: Bloomberg
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