Dragonkid
2021-09-09
Why did the share price drop so much after this news?
Tencent-Backed Tech Giant Sea Taps Investors for About $6 Billion<blockquote>腾讯控股支持的科技巨头 Sea 向投资者寻求约 60 亿美元</blockquote>
免责声明:上述内容仅代表发帖人个人观点,不构成本平台的任何投资建议。
分享至
微信
复制链接
精彩评论
我们需要你的真知灼见来填补这片空白
打开APP,发表看法
APP内打开
发表看法
1
2
{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":883061640,"tweetId":"883061640","gmtCreate":1631190330480,"gmtModify":1631889918881,"author":{"id":3577395115935697,"idStr":"3577395115935697","authorId":3577395115935697,"authorIdStr":"3577395115935697","name":"Dragonkid","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":10,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body><p>Why did the share price drop so much after this news? </p></body></html>","htmlText":"<html><head></head><body><p>Why did the share price drop so much after this news? </p></body></html>","text":"Why did the share price drop so much after this news?","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/883061640","repostId":1109486521,"repostType":2,"repost":{"id":"1109486521","kind":"news","pubTimestamp":1631172960,"share":"https://www.laohunote.com/m/news/1109486521?lang=zh_CN&edition=full","pubTime":"2021-09-09 15:36","market":"us","language":"en","title":"Tencent-Backed Tech Giant Sea Taps Investors for About $6 Billion<blockquote>腾讯控股支持的科技巨头 Sea 向投资者寻求约 60 亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109486521","media":"The Wall Street Journal","summary":"(Update: Sept 9, 2021 at 09:44 a.m. ET)\n\nSea says some of the proceeds would help expand its busines","content":"<p><i><b>(Update: Sept 9, 2021 at 09:44 a.m. ET)</b></i></p><p><blockquote><i><b>(更新:美国东部时间 2021 年 9 月 9 日上午 09:44)</b></i></blockquote></p><p> <b>Sea says some of the proceeds would help expand its business, while funds could also be deployed on investments and acquisitions.</b> Southeast Asia’s most valuable listed company, Sea Ltd., plans to raise about $6 billion or more in new funds, capitalizing on investor enthusiasm for the region’s fast-growing technology industry.</p><p><blockquote><b>Sea 表示,部分收益将有助于扩大其业务,同时资金也可用于投资和收购。</b>东南亚最有价值的上市公司 Sea Ltd. 计划利用投资者对该地区快速增长的科技产业的热情,筹集约 60 亿美元或更多的新资金。</blockquote></p><p> TheTencent HoldingsLtd.TCEHY-2.95%-backed gaming, e-commerce and digital-finance company said in a filing late Wednesday that it would raise the capital by selling new shares and convertible bonds. Sea said some of the proceeds would help expand its business, while funds could also be deployed on “potential strategic investments and acquisitions.”</p><p><blockquote>腾讯控股有限公司(Tencent HoldingsLtd.TCEHY-2.95%)支持的游戏、电子商务和数字金融公司在周三晚间提交的一份文件中表示,将通过出售新股和可转换债券来筹集资金。Sea 表示,部分收益将有助于扩大业务,同时资金也可用于 “潜在的战略投资和收购 ”。</blockquote></p><p> The company says its Shopee unit, which competes with rivals including Alibaba Group Holding Ltd.’s Lazada unit, is the largest e-commerce platform in Southeast Asia and Taiwan.</p><p><blockquote>该公司表示,其 Shopee 部门是东南亚和台湾地区最大的电子商务平台,其竞争对手包括阿里巴巴-SW集团控股有限公司的 Lazada 部门。</blockquote></p><p> Sea, which is listed on the New York Stock Exchange, plans to sell 11 million American depositary shares and $2.5 billion of five-year convertible bonds.</p><p><blockquote>在纽约证券交易所上市的Sea计划出售1100万股美国存托股和25亿美元的5年期可转换债券。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d09e89c4e1333b681b0605608cff2a6c\" tg-width=\"336\" tg-height=\"424\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Based on Wednesday’s closing price for Sea shares, of $343.80, the stock sale would be worth close to $3.8 billion, although deals like this are typically sold at a discount to the market price. Sea and its banks expect the final price to be set Thursday, according to a term sheet seen by The Wall Street Journal. The deal’s underwriters have the option to increase the size of both offerings by 15%, via a green shoe.</p><p><blockquote>根据周三 Sea 股票 343.80 美元的收盘价计算,此次股票出售价值接近 38 亿美元,尽管此类交易通常会以低于市场价格的价格出售。根据《华尔街日报》看到的条款清单,Sea 及其银行预计最终价格将于周四确定。该交易的承销商可以选择通过绿鞋将两次发行的规模增加 15%。</blockquote></p><p> Like other e-commerce and gaming groups, Sea has enjoyed rapid growth, with the Covid-19 pandemic spurring customers to live more of their lives online.</p><p><blockquote>与其他电子商务和游戏集团一样,Sea 也经历了快速增长,Covid-19 大流行刺激客户更多地在线生活。</blockquote></p><p> Compared with the same period a year earlier, Sea’s revenue in the three months to June more than doubled to nearly $2.3 billion, while paying users for its digital-entertainment business and gross merchandise value for its e-commerce unit both leapt by more than 80% year-over-year.</p><p><blockquote>与去年同期相比,截至 6 月份的三个月里,Sea 的收入增长了一倍多,达到近 23 亿美元,而其数字娱乐业务的用户付费和电子商务部门的商品总价值均同比增长了 80% 以上。</blockquote></p><p> The business remains unprofitable however, reporting a net loss of $434 million for the quarter, or $321 million excluding share-based pay to staff. It generated cumulative annual net losses of more than $4 billion in 2018 through 2020.</p><p><blockquote>然而,该业务仍然无利可图,本季度净亏损 4.34 亿美元,不包括员工股份薪酬,亏损为 3.21 亿美元。从2018年到2020年,它累计年度净亏损超过40亿美元。</blockquote></p><p> Sea’s shares have surged in recent years, giving it a market capitalization of roughly $185 billion. That makes it the region’s biggest listed company, according to S&P Global Market Intelligence data, and has allowed it to pull ahead of some of China’s big tech companies, such asJD.comInc.andPinduoduoInc.,as the Chinese tech industry confronts a series of government crackdowns.</p><p><blockquote>近年来,Sea 的股价飙升,市值约为 1850 亿美元。根据标准普尔全球市场情报(S&P Global Market Intelligence)的数据,这使其成为该地区最大的上市公司,并在中国科技行业面临一系列政府打压之际,领先于一些中国大型科技公司,如JD.comInc.和拼多多公司。</blockquote></p><p> Sea itself isone of many tech groups backedby China’s Tencent, and it publishes Tencent games such as League of Legends and Arena of Valor in the region. Tencent held a 22.9% stake as of March 5, according to Sea’s annual report.</p><p><blockquote>Sea 本身是中国腾讯控股支持的众多科技集团之一,它在该地区发行《英雄联盟》和《英雄竞技场》等腾讯控股游戏。根据 Sea 的年度报告,截至 3 月 5 日,腾讯控股持有 22.9% 的股份。</blockquote></p><p> The planned issuance is the latest in a series of fundraising deals by big tech groups in Asia. In April, Meituan, one of China’s most valuable technology companies,raised roughly $10 billionby selling stock and convertible bonds. Meituan, which competes with Alibaba and others, said it would spend some of the proceeds on researching and developing autonomous delivery vehicles, drone deliveries and other technology.</p><p><blockquote>计划中的发行是亚洲大型科技集团一系列融资交易中的最新一起。今年 4 月,中国最有价值的科技公司之一美团-W通过出售股票和可转换债券筹集了约 100 亿美元。与阿里巴巴-SW和其他公司竞争的美团-W表示,将把部分收益用于研发自动送货车、无人机送货和其他技术。</blockquote></p><p> Southeast Asian tech is also drawingmore interest from investors, with some seeing the planned U.S. listing of Grab Holdings Inc., operator of a superapp that offers services including ride-hailing and delivery, as a watershed moment.</p><p><blockquote>东南亚科技公司也吸引了更多投资者的兴趣,一些人将 Grab Holdings Inc. 计划在美国上市视为一个分水岭。Grab Holdings Inc. 是一家提供打车和送货等服务的超级应用运营商。</blockquote></p><p> In May, Singapore-headquartered Grab said it planned to raise about $4.5 billion in a tie-up with a special-purpose acquisition company, or SPAC, and go public in the U.S. at a valuation of nearly $40 billion. Grab expects the deal to close in the fourth quarter.</p><p><blockquote>今年 5 月,总部位于新加坡的 Grab 表示,计划与一家特殊目的收购公司 (SPAC) 合作筹集约 45 亿美元,并以近 400 亿美元的估值在美国上市。Grab 预计该交易将在第四季度完成。</blockquote></p><p> Units ofGoldman Sachs GroupInc.,JPMorgan Chase & Co. andBank of AmericaCorp.are handling Sea’s offerings.</p><p><blockquote>高盛集团(Goldman Sachs GroupInc.)、摩根大通(JPMorgan Chase & Co.)和美国银行(Bank of AmericaCorp.)的部门正在处理 Sea 的发行事宜。</blockquote></p><p> Sea fell over 7% in early trading.</p><p><blockquote>Sea早盘下跌逾7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1579594bcdff311d196e8c7d1b43d16e\" tg-width=\"1156\" tg-height=\"571\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent-Backed Tech Giant Sea Taps Investors for About $6 Billion<blockquote>腾讯控股支持的科技巨头 Sea 向投资者寻求约 60 亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent-Backed Tech Giant Sea Taps Investors for About $6 Billion<blockquote>腾讯控股支持的科技巨头 Sea 向投资者寻求约 60 亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-09-09 15:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><i><b>(Update: Sept 9, 2021 at 09:44 a.m. ET)</b></i></p><p><blockquote><i><b>(更新:美国东部时间 2021 年 9 月 9 日上午 09:44)</b></i></blockquote></p><p> <b>Sea says some of the proceeds would help expand its business, while funds could also be deployed on investments and acquisitions.</b> Southeast Asia’s most valuable listed company, Sea Ltd., plans to raise about $6 billion or more in new funds, capitalizing on investor enthusiasm for the region’s fast-growing technology industry.</p><p><blockquote><b>Sea 表示,部分收益将有助于扩大其业务,同时资金也可用于投资和收购。</b>东南亚最有价值的上市公司 Sea Ltd. 计划利用投资者对该地区快速增长的科技产业的热情,筹集约 60 亿美元或更多的新资金。</blockquote></p><p> TheTencent HoldingsLtd.TCEHY-2.95%-backed gaming, e-commerce and digital-finance company said in a filing late Wednesday that it would raise the capital by selling new shares and convertible bonds. Sea said some of the proceeds would help expand its business, while funds could also be deployed on “potential strategic investments and acquisitions.”</p><p><blockquote>腾讯控股有限公司(Tencent HoldingsLtd.TCEHY-2.95%)支持的游戏、电子商务和数字金融公司在周三晚间提交的一份文件中表示,将通过出售新股和可转换债券来筹集资金。Sea 表示,部分收益将有助于扩大业务,同时资金也可用于 “潜在的战略投资和收购 ”。</blockquote></p><p> The company says its Shopee unit, which competes with rivals including Alibaba Group Holding Ltd.’s Lazada unit, is the largest e-commerce platform in Southeast Asia and Taiwan.</p><p><blockquote>该公司表示,其 Shopee 部门是东南亚和台湾地区最大的电子商务平台,其竞争对手包括阿里巴巴-SW集团控股有限公司的 Lazada 部门。</blockquote></p><p> Sea, which is listed on the New York Stock Exchange, plans to sell 11 million American depositary shares and $2.5 billion of five-year convertible bonds.</p><p><blockquote>在纽约证券交易所上市的Sea计划出售1100万股美国存托股和25亿美元的5年期可转换债券。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d09e89c4e1333b681b0605608cff2a6c\" tg-width=\"336\" tg-height=\"424\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Based on Wednesday’s closing price for Sea shares, of $343.80, the stock sale would be worth close to $3.8 billion, although deals like this are typically sold at a discount to the market price. Sea and its banks expect the final price to be set Thursday, according to a term sheet seen by The Wall Street Journal. The deal’s underwriters have the option to increase the size of both offerings by 15%, via a green shoe.</p><p><blockquote>根据周三 Sea 股票 343.80 美元的收盘价计算,此次股票出售价值接近 38 亿美元,尽管此类交易通常会以低于市场价格的价格出售。根据《华尔街日报》看到的条款清单,Sea 及其银行预计最终价格将于周四确定。该交易的承销商可以选择通过绿鞋将两次发行的规模增加 15%。</blockquote></p><p> Like other e-commerce and gaming groups, Sea has enjoyed rapid growth, with the Covid-19 pandemic spurring customers to live more of their lives online.</p><p><blockquote>与其他电子商务和游戏集团一样,Sea 也经历了快速增长,Covid-19 大流行刺激客户更多地在线生活。</blockquote></p><p> Compared with the same period a year earlier, Sea’s revenue in the three months to June more than doubled to nearly $2.3 billion, while paying users for its digital-entertainment business and gross merchandise value for its e-commerce unit both leapt by more than 80% year-over-year.</p><p><blockquote>与去年同期相比,截至 6 月份的三个月里,Sea 的收入增长了一倍多,达到近 23 亿美元,而其数字娱乐业务的用户付费和电子商务部门的商品总价值均同比增长了 80% 以上。</blockquote></p><p> The business remains unprofitable however, reporting a net loss of $434 million for the quarter, or $321 million excluding share-based pay to staff. It generated cumulative annual net losses of more than $4 billion in 2018 through 2020.</p><p><blockquote>然而,该业务仍然无利可图,本季度净亏损 4.34 亿美元,不包括员工股份薪酬,亏损为 3.21 亿美元。从2018年到2020年,它累计年度净亏损超过40亿美元。</blockquote></p><p> Sea’s shares have surged in recent years, giving it a market capitalization of roughly $185 billion. That makes it the region’s biggest listed company, according to S&P Global Market Intelligence data, and has allowed it to pull ahead of some of China’s big tech companies, such asJD.comInc.andPinduoduoInc.,as the Chinese tech industry confronts a series of government crackdowns.</p><p><blockquote>近年来,Sea 的股价飙升,市值约为 1850 亿美元。根据标准普尔全球市场情报(S&P Global Market Intelligence)的数据,这使其成为该地区最大的上市公司,并在中国科技行业面临一系列政府打压之际,领先于一些中国大型科技公司,如JD.comInc.和拼多多公司。</blockquote></p><p> Sea itself isone of many tech groups backedby China’s Tencent, and it publishes Tencent games such as League of Legends and Arena of Valor in the region. Tencent held a 22.9% stake as of March 5, according to Sea’s annual report.</p><p><blockquote>Sea 本身是中国腾讯控股支持的众多科技集团之一,它在该地区发行《英雄联盟》和《英雄竞技场》等腾讯控股游戏。根据 Sea 的年度报告,截至 3 月 5 日,腾讯控股持有 22.9% 的股份。</blockquote></p><p> The planned issuance is the latest in a series of fundraising deals by big tech groups in Asia. In April, Meituan, one of China’s most valuable technology companies,raised roughly $10 billionby selling stock and convertible bonds. Meituan, which competes with Alibaba and others, said it would spend some of the proceeds on researching and developing autonomous delivery vehicles, drone deliveries and other technology.</p><p><blockquote>计划中的发行是亚洲大型科技集团一系列融资交易中的最新一起。今年 4 月,中国最有价值的科技公司之一美团-W通过出售股票和可转换债券筹集了约 100 亿美元。与阿里巴巴-SW和其他公司竞争的美团-W表示,将把部分收益用于研发自动送货车、无人机送货和其他技术。</blockquote></p><p> Southeast Asian tech is also drawingmore interest from investors, with some seeing the planned U.S. listing of Grab Holdings Inc., operator of a superapp that offers services including ride-hailing and delivery, as a watershed moment.</p><p><blockquote>东南亚科技公司也吸引了更多投资者的兴趣,一些人将 Grab Holdings Inc. 计划在美国上市视为一个分水岭。Grab Holdings Inc. 是一家提供打车和送货等服务的超级应用运营商。</blockquote></p><p> In May, Singapore-headquartered Grab said it planned to raise about $4.5 billion in a tie-up with a special-purpose acquisition company, or SPAC, and go public in the U.S. at a valuation of nearly $40 billion. Grab expects the deal to close in the fourth quarter.</p><p><blockquote>今年 5 月,总部位于新加坡的 Grab 表示,计划与一家特殊目的收购公司 (SPAC) 合作筹集约 45 亿美元,并以近 400 亿美元的估值在美国上市。Grab 预计该交易将在第四季度完成。</blockquote></p><p> Units ofGoldman Sachs GroupInc.,JPMorgan Chase & Co. andBank of AmericaCorp.are handling Sea’s offerings.</p><p><blockquote>高盛集团(Goldman Sachs GroupInc.)、摩根大通(JPMorgan Chase & Co.)和美国银行(Bank of AmericaCorp.)的部门正在处理 Sea 的发行事宜。</blockquote></p><p> Sea fell over 7% in early trading.</p><p><blockquote>Sea早盘下跌逾7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1579594bcdff311d196e8c7d1b43d16e\" tg-width=\"1156\" tg-height=\"571\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.wsj.com/articles/tencent-backed-tech-giant-sea-taps-investors-for-about-6-billion-11631170423?mod=tech_lead_pos2\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://www.wsj.com/articles/tencent-backed-tech-giant-sea-taps-investors-for-about-6-billion-11631170423?mod=tech_lead_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109486521","content_text":"(Update: Sept 9, 2021 at 09:44 a.m. ET)\n\nSea says some of the proceeds would help expand its business, while funds could also be deployed on investments and acquisitions.\n\nSoutheast Asia’s most valuable listed company, Sea Ltd., plans to raise about $6 billion or more in new funds, capitalizing on investor enthusiasm for the region’s fast-growing technology industry.\nTheTencent HoldingsLtd.TCEHY-2.95%-backed gaming, e-commerce and digital-finance company said in a filing late Wednesday that it would raise the capital by selling new shares and convertible bonds. Sea said some of the proceeds would help expand its business, while funds could also be deployed on “potential strategic investments and acquisitions.”\nThe company says its Shopee unit, which competes with rivals including Alibaba Group Holding Ltd.’s Lazada unit, is the largest e-commerce platform in Southeast Asia and Taiwan.\nSea, which is listed on the New York Stock Exchange, plans to sell 11 million American depositary shares and $2.5 billion of five-year convertible bonds.\n\nBased on Wednesday’s closing price for Sea shares, of $343.80, the stock sale would be worth close to $3.8 billion, although deals like this are typically sold at a discount to the market price. Sea and its banks expect the final price to be set Thursday, according to a term sheet seen by The Wall Street Journal. The deal’s underwriters have the option to increase the size of both offerings by 15%, via a green shoe.\nLike other e-commerce and gaming groups, Sea has enjoyed rapid growth, with the Covid-19 pandemic spurring customers to live more of their lives online.\nCompared with the same period a year earlier, Sea’s revenue in the three months to June more than doubled to nearly $2.3 billion, while paying users for its digital-entertainment business and gross merchandise value for its e-commerce unit both leapt by more than 80% year-over-year.\nThe business remains unprofitable however, reporting a net loss of $434 million for the quarter, or $321 million excluding share-based pay to staff. It generated cumulative annual net losses of more than $4 billion in 2018 through 2020.\nSea’s shares have surged in recent years, giving it a market capitalization of roughly $185 billion. That makes it the region’s biggest listed company, according to S&P Global Market Intelligence data, and has allowed it to pull ahead of some of China’s big tech companies, such asJD.comInc.andPinduoduoInc.,as the Chinese tech industry confronts a series of government crackdowns.\nSea itself isone of many tech groups backedby China’s Tencent, and it publishes Tencent games such as League of Legends and Arena of Valor in the region. Tencent held a 22.9% stake as of March 5, according to Sea’s annual report.\nThe planned issuance is the latest in a series of fundraising deals by big tech groups in Asia. In April, Meituan, one of China’s most valuable technology companies,raised roughly $10 billionby selling stock and convertible bonds. Meituan, which competes with Alibaba and others, said it would spend some of the proceeds on researching and developing autonomous delivery vehicles, drone deliveries and other technology.\nSoutheast Asian tech is also drawingmore interest from investors, with some seeing the planned U.S. listing of Grab Holdings Inc., operator of a superapp that offers services including ride-hailing and delivery, as a watershed moment.\nIn May, Singapore-headquartered Grab said it planned to raise about $4.5 billion in a tie-up with a special-purpose acquisition company, or SPAC, and go public in the U.S. at a valuation of nearly $40 billion. Grab expects the deal to close in the fourth quarter.\nUnits ofGoldman Sachs GroupInc.,JPMorgan Chase & Co. andBank of AmericaCorp.are handling Sea’s offerings.\nSea fell over 7% in early trading.","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":921,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":43,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/883061640"}
精彩评论