Profile: Sea Ltd (SE)
24 May 2019
Sea Limited, formerly Garena Interactive Holding Limited, incorporated on May 8, 2009, is an Internet company. The Company operates through three segments: digital entertainment, e-commerce and digital financial services. The Company has developed an integrated platform consisting of digital entertainment focused on online games, e-commerce, and digital financial services focused on e-wallet services. Its platforms include Garena, Shopee, and AirPay.
Garena provides access to engaging mobile and personal computer (PC) online games, live streaming game play, as well as social features such as user chat and online forums. The Company provides Garena as a desktop application and mobile application. Players log onto the Garena desktop application to launch its PC online games. The application provides a group voice chat function designed for multi-player games in which players form small teams and play against other teams. Its Garena App allows users to access various forms of content, including game-related news, gameplay strategies, videos, game statistics, as well as eSports-related content, such as tournament reporting, live score updates and live streaming. As of August 31, 2017, the Company operated 18 mobile and PC online games. Shopee is an e-commerce marketplace where users come together to browse, shop and sell on-the-go, anytime, anywhere.
AirPay App is the Company’s digital financial services business that provides e-wallet services to consumers through the AirPay App and to small businesses through the AirPay counter application. IT ALSO provides access to a full suite of services, including bill payments, cinema tickets and other products. AirPay App allows users to make online transactions, such as purchasing tickets for entertainment events and transportation, ordering meals, buying insurance products, making payments for utility bills, mobile top-up, purchasing or topping-up prepaid game credits, as well as accessing e-vouchers and promotion codes for offline products and services. AirPay counter is a physical over-the-counter retail location that maintains a balance in its AirPay e-wallet account, which is used to purchase electronic and physical goods and credits, such as prepaid game credits and mobile top-up, food, beverage and other convenience store items, from suppliers or service providers. The AirPay counter then sells those electronic and physical goods and credits to consumers who pay the counters in cash. AirPay counters also provide utility bill and other payment forwarding services to consumers for cash payments.
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