TechBloomberg Tech1h ago

Sea Starts Enterprise Cloud Foray

Sea Starts Enterprise Cloud Foray While Eyeing a Fintech Arm IPO

TL;DRSea launches cloud services and considers spinning off its fintech business separately.

Why it matters: Diversification into cloud and fintech IPO could unlock value and stabilize Sea's struggling stock performance.

Singapore internet giant Sea Ltd. is starting a new cloud business and weighing a public listing of its fintech arm, seeking to bolster growth and revive a plunging stock.

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Source: Bloomberg Tech · Opens in new tab