Has Sea Limited Stock Finally Escaped Choppy Waters?
Sea(SE) fool.com·2024-05-19 10:07
Sea Limited has returned to double-digit revenue growth on an overall basis.Sea Limited (SE 3.25%) may finally benefit from its role as the premier e-commerce conglomerate in Southeast Asia.Much like Amazon in the U.S. and MercadoLibre in Latin America, it is the leading e-commerce company in its respective region. That helped the stock peak above $372 at the height of the 2021 bull market.Unfortunately, missteps such as expanding Shopee's e-commerce operations outside of Southeast Asia and the reduced popu ...