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

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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