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Sea is nearing a $100B market cap after its stock has soared 300%+ since early 2024, driven by Shopee's in-house, community-based logistics network SPX Express (Bloomberg) from Techmeme RSS feed.
Sea is nearing a $100B market cap after its stock has soared 300%+ since early 2024, driven by Shopee's in-house, community-based logistics network SPX Express (Bloomberg)
Bloomberg:
Sea is nearing a $100B market cap after its stock has soared 300%+ since early 2024, driven by Shopee's in-house, community-based logistics network SPX Express — Shopee now dominates the Southeast Asian e-commerce market thanks to a cavalry of retirees, homemakers and students delivering parcels