On June 29, Sea Ltd rose 3.04% in regular trading, trading at $94.3/share, with turnover of $31.97 million.
On the news front, the Broadline Retail sector collectively strengthened, with Amazon up 4.4%, MercadoLibre up 2.9%, and Alibaba up 1.07%, providing broad sentiment support. Meanwhile, Sea's recent launch of its AI companion chatbot Migoo in the US market — its first foray into the competitive American consumer space — continues to fuel expectations for a new growth curve beyond e-commerce.
On the fundamentals side, Sea reported Q1 revenue of $7.1 billion, up 46.6% year-over-year, significantly beating market expectations of $6.45 billion. Shopee GMV grew 30% year-over-year to $37.3 billion with orders exceeding 4 billion, while SeaMoney revenue surged 57.8% to $1.2 billion, demonstrating robust multi-segment growth momentum.
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