On June 16, Sea Ltd rose 3.16% in regular trading, trading at 89.29 USD/share, with turnover of approximately 39.71 million USD. The stock has extended its rebound for a second consecutive session as the market digests earlier negative sentiment surrounding Shopee layoffs.

On the news front, Shopee began cutting hundreds of developer positions earlier this month, affecting roughly 8% of its developer workforce, primarily in quality assurance roles. The announcement had pressured Sea shares from June 10 to 12, with cumulative losses exceeding 3% during that period. However, as the initial shock subsided, investors have reinterpreted the workforce reduction as a cost optimization initiative rather than a sign of operational weakness.

Fundamentally, Shopee reported first-quarter GMV of 37.3 billion USD, representing 30.2% year-over-year growth, with order volume surpassing 4 billion units. These robust metrics have supported valuation recovery. Within the Broadline Retail sector, MercadoLibre gained 3.21%, Amazon.com rose 0.43%, while Alibaba fell 2.16% and PDD Holdings declined 2.11%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)