[WorldKings - Wowtimes - Almanac Events & Achievements 2023] Important milestones in the 14-year development journey of Sea Limited, Singapore's largest technology company (2009)

27-04-2023

(Worldkings.org) Sea Limited is a leading global consumer internet company incorporated in Singapore. Sea is currently operating as a joint stock company of Garena, SeaMoney, and Shopee.

Sea Limited is Singapore’s largest technology company and operates three key business segments: online gaming, e-commerce, and digital financial services. Founded in 2009 by Forrest Li as Garena, a developer of online games, Sea Limited expanded into e-commerce with the founding of the online marketplace Shopee and digital financial services through SeaMoney. The company is backed by Chinese conglomerate Tencent.

Garena and Shoppee are Sea's two biggest businesses. Garena is a developer and publisher of free online games. Its most popular, Free Fire, a battle royale third-person shooter mobile game, is among the leading apps in the Google Play store. Shopee, on the other hand, has established itself as the undisputed e-commerce leader in Southeast Asia. With operations in Southeast Asia, Latin America, and Europe, Shopee had more web visits worldwide than established brands like Taobao, Etsy, Walmart, and AliExpress.

 

The company’s milestones:

2009: Sea was founded by Forrest Li as Garena, a game development and publishing company known for its Free Fire title.

2014: SeaMoney was established. SeaMoney’s offerings include mobile wallet services, payment processing, credit, and related digital financial services and products. 

2015: Shopee was first launched in Singapore and has grown to become the largest e-commerce platform in Southeast Asia with 343 million monthly unique visitors.

In 2017: it launched its IPO on the New York Stock Exchange, the first Southeast Asian tech firm to do so.

May 2017: The company changed its brand name to Sea Limited as it is today, and the Garena brand was retained for its digital entertainment arm.

2019: Free Fire became the most downloaded game on the Google Play Store.

 

From 2020: Sea became the owner of Singapore Premier League football club Lion City Sailors FC, and renamed Home United.

2021: Shopee was the most downloaded app globally in the Shopping category.

 

September 9, 2021: Sea was reportedly raising up to US$7.2 billion in an equity and convertible bond sale, which would make it Southeast Asia's largest fund raising.

By 2022: SeaMoney was available in seven markets across Southeast Asia and Taiwan under various brands, including ShopeePay, SPayLater, and others. SeaMoney served more than 52 million users.

 

According to statista.com – Wikipedia - sea.com


Kyna ( Collect) - WORLDKINGS (Source of photos: Internet)

 

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