Sea is a Singapore-based technology holding company operating three businesses across Southeast Asia, Taiwan, and Brazil: Shopee (e-commerce), Monee (digital financial services), and Garena (online games). Shopee is a mobile-first, third-party marketplace connecting buyers and sellers across general merchandise categories, with its own logistics network (SPX Express) handling over 30 million parcels per day. Shopee earns revenue through seller commissions, advertising, and logistics fees, with advertising the fastest-growing and highest-margin stream. Monee offers consumer and SME credit — primarily BNPL and personal loans — alongside e-wallets, digital banking, and insurance. Monee's underwriting is integrated with Shopee's transaction data, which Sea argues gives it a credit scoring edge over standalone lenders. Garena develops and publishes mobile and PC games; its flagship title, Free Fire, is a self-developed battle royale game with over 100 million daily active users across 160+ markets. Garena uses a freemium model, monetizing through in-game purchases. Sea's strategy centers on deepening the flywheel between its three businesses: Shopee generates transaction data that feeds Monee's credit underwriting, while Monee's financial products drive Shopee buyer engagement. Key growth initiatives include expanding SPX Express into fulfillment, scaling a paid VIP membership program, extending Monee's credit products to offline merchants, and deploying AI across all three businesses for ad optimization, underwriting, and customer service.