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Sea (SE) Deferred Policy Acquisition Costs


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Deferred Policy Acquisition Costs only applies to banks and insurance companies.


Sea (SE) Business Description

Industry
Address
1 Fusionopolis Place, No. 17-10, Galaxis, Singapore, SGP, 138522
Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value and number of transactions. Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce, which is now the main growth driver. Shopee is a hybrid C2C and B2C marketplace platform operating in eight core markets. Indonesia accounts for 35% of GMV, with the rest split mainly among Taiwan, Vietnam, Thailand, Malaysia, and the Philippines. For Garena, Free Fire was the most downloaded game in January 2022 and accounted for 74% of gaming revenue in 2021. Sea's third business, SeaMoney, provides mostly credit lending.