Movement Alert|Sea Ltd Rises 3.04% in Regular Trading, Shopee-Meta Partnership Continues to Boost Market Sentiment

Market Focus
07/10

On July 10, Sea Ltd rose 3.04% in regular trading, trading at $113.81/share, with turnover of $56.98 million, extending the previous session's rally.

On the news front, Shopee recently deepened its collaboration with Meta by launching an Instagram affiliate program, which continues to drive positive market sentiment. The partnership enables Shopee to leverage Instagram's massive user base across Southeast Asia and Latin America to expand its e-commerce reach.

Additionally, Sea's strong Q1 earnings continue to provide fundamental support. The company reported revenue of $7.097 billion, up 46.6% year-over-year and above the $6.413 billion consensus estimate, while Shopee GMV grew 30%. Within the Broadline Retail sector, peers also traded higher, with Alibaba up 2.05%, JD.com up 2.14%, PDD Holdings up 1.6%, MercadoLibre up 1.16%, and Amazon up 0.64%.

(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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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