ASEAN’s leading digital ecosystem built upon three digital pillars: gaming; ecommerce; and fintech. Based in Singapore, listed in the US, serving ASEAN and Brazil. After years of investment and expansion, Sea has consistently raised its take rate and is turning EBITDA profitable. Sea is well positioned to become an Asian tech giant and ASEAN’s first trillion dollar company.

First invested in 2017 at a share price of $12 post IPO and a market cap of $2bn.

The global mobile gaming industry generated $93bn in revenue in 2021 from 3bn users of which 55% are in Asia. Garena’s Free Fire is one of the world’s leading mobile games and the highest grossing mobile game in Southeast Asia, Latin America and India.

Shopee is the no.1 ecommerce platform in the world’s fastest growing market which is forecast to have a GMV of $700bn by 2030. In 2021, there were 440m internet users - 60m of whom joined the internet economy during Covid - taking internet penetration in Southeast Asia to 75%.

SeaMoney holds banking licences across the region, where over 70% of the population is unbanked. JP Morgan estimates that fintech revenues can grow at a 60% CAGR until 2025. The total addressable market for retail payments is estimated at over $1.5 trillion.