
Sea Limited Posts $14.9 Billion First-Half Revenue as Logistics Spending Expands
Singapore-based Sea Limited lifted first-half revenue 47 percent to $14.9 billion, while logistics costs and credit provisions capped net profit growth at 9 percent.
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189 stories in this topic

Singapore-based Sea Limited lifted first-half revenue 47 percent to $14.9 billion, while logistics costs and credit provisions capped net profit growth at 9 percent.

The agency-led financial marketplace plans to enter its first overseas market in 2024 after growing its sales network across Vietnam.

Data from fintech platform Kiwi shows instant delivery apps take 2.6 per cent of young consumers’ wallets compared to 0.85 per cent spent at supermarket chains like D-Mart.

A parliamentary petition and rival opposition bills seek to delay the levy on annual digital asset gains above 2.5 million won.

The fresh capital injection accelerates retail brokerage expansion across Southeast Asia as institutional capital returns to regional fintech leaders.

A joint study group led by the central bank and ministries targets a blueprint by early 2027 to replace multi-day clearing cycles.

A Worldpay study of 1,466 payment professionals shows merchants are losing sales to false declines while automated refund abuse and account takeovers increase.

The Bangladesh Financial Intelligence Unit shuttered more than 20,000 mobile financial service accounts linked to unauthorized online lenders, illegal betting networks, and crypto trading.

China has expanded its digital yuan infrastructure by integrating eight additional banks into the national network. This move aims to significantly accelerate the adoption of the central bank digital currency, known as the e-CNY, across the country.

The Singapore FinTech Association (SFA) has introduced a voluntary code of conduct for payment service providers (PSPs). This sets new industry standards intended to bolster transparency, protect consumers, and build trust within the Singaporean payments…

Indonesia’s leading ride-hailing company, GoTo, announced its second successive quarterly net profit on Wednesday. The positive financial outcome was underpinned by significant expansion in its fintech sector and continued fiscal prudence. For the quarter…

ClearBank, a prominent banking institution, has recently teamed up with Tazapay, a Singapore-based cross-border payments platform experiencing rapid growth. The move is a strategic effort to fortify payment processes between Asia and Europe. Notable Milestone…

Mastercard, the globally renowned credit card company, has named Minsook Cho as its new country manager for Singapore. Cho, an industry veteran with more than two decades of experience, will hold the key responsibility of determining and implementing the…

Revolut, a leading fintech company based in London, has announced its intention to triple the size of its workforce in Singapore over the next few years. This decision is primarily aimed at bolstering product innovation and facilitating regional expansion.…

Fingular, a renowned Singaporean fintech firm, has expanded its Southeast Asian footprint by inaugurating a new operational hub in Malaysia. This recent development represents a strategic move in Fingular’s overall plan to establish a globally integrated…

Audi has officially launched the Audi Revolut F1 Team, an exciting development that firmly establishes the German manufacturer’s presence in Formula One and emphasizes the increasing strategic significance of fintech partnerships in international sports. The…
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