(Bloomberg) — Sea Ltd., the Singapore-based internet company backed by Tencent Holdings Ltd., said revenue doubled in the second quarter, driven by strong growth at e-commerce platform Shopee and gaming arm Garena.Its stock gained about 8.6% in pre-market trading in New York after reporting total revenue rose to $882 million in the three months ended June. Its net loss widened to $393 million from $280 million.The robust topline numbers underscore how Sea became the world’s best-performing large-cap stock over the 18 months to August, stoking debate over whether the gaming, e-commerce and payments company is the next internet colossus or …read more
Source:: Yahoo Finance
