Sea Limited (SE) Reportedly Hikes Merchant Fees to Boost Profit

Sea Limited's (SE) shares have surged 65.3% compared with the Zacks Internet - Software industry's growth of 9.7%. The rise in stock price reflects investors' confidence in SE's portfolio strength and cost management initiatives. Sea Limited is also focusing on enhancing its profits by raising commissions on merchants. According to a report by Bloomberg, it has increased approximately one-third in the commissions it charges merchants in several key markets since the beginning of the year. This will allow Se ...