Mobile Games Make 39-Year-Old Singapore’s Latest Billionaire
Gang Ye, who moved to Singapore from China in the 1990s as a teenager and became a citizen shortly after his return from the U.S., has served as Sea’s chief operating officer since 2017
While gaming is Sea’s biggest business, e-commerce platform Shopee is also growing fast. The segment’s revenue more than tripled in the quarter, helping narrow net losses to $206 million. Sea’s dependence on the success of “just a few game titles” was listed as one of its business risks in a 2018 annual report.
Now I can understand why the younger generation in another ex-dragon is angry. Singapore is HOT!
Sea owned Shoppe? Did @manch ask about Shopee recently?