Tycoon Forrest Li’s Sea Sinks Deeper Into The Red As Shopee Losses Widen, Expenses Surge
Sea Ltd. — constrained by tycoon Forrest Li — sank further into the red in the main quarter as misfortunes at its online business stage Shopee extended and expenses flooded. The Singapore-based online business and gaming monster covered Tuesday that its overal deficit in the principal quarter finished March enlarged to $580 million from $422 … Read more