Sea Limited's Shopee Is Back on Track With Its Sustainable Growth Strategy

Sea Limited (SE -4.31%) reached a milestone in 2023 as it delivered its first-ever profitable year. Revenue grew 5% to $13.1 billion, while net income reached $163 million, compared to a net loss of $1.7 billion in 2022.However, there is a lot happening beneath the surface of these headline figures. After an incredible few years of growth at any cost, mounting losses sent Sea stock plummeting more than 80% from their all-time high in 2022.Sea's e-commerce segment, Shopee, remains the company's biggest busin ...