Sea Limited (Update)
We will be periodically releasing company updates after we have put out a deep dive on each company. But rather than comment on quarterly metrics, we will try to focus more on how the results have changed our thesis (if at all). This second update comes just half a year after our original piece. You can read our full report here, and you can read the first update (re: management) here. We will assume readers are familiar with the company and our prior pieces in the updates.
Table of Contents:
Company Update
Digital Entertainment
Digital Financial Services
Ecommerce
Ecommerce Build Update
Conclusion