Sea Eyes Trillion Valuation

Sea Ltd's CEO, Forrest Li, has communicated to employees his vision of achieving a trillion-dollar market capitalisation for the Southeast Asian e-commerce and gaming giant. This ambitious target, roughly a tenfold increase from its current valuation, hinges on the company's strategic embrace of artificial intelligence. Li likened AI's transformative potential to the personal computer and smartphone revolutions, emphasising its capacity to broaden access to products and services.

Sea has already begun integrating AI into its operations, including customer service and game development. While specific plans for further AI development remain undisclosed, Li stressed the importance of disciplined execution and relentless competition to achieve this goal. He also cautioned against potential share price volatility, drawing parallels to a stock drop in 2021, while highlighting the company's improved financial position and profitability across its business segments. Sea faces competition from companies such as TikTok Shop and Alibaba's Lazada, as well as emerging players like Shein and Temu.