SEA (formerly known as Garena)

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#61
https://www.channelnewsasia.com/singapor...li-2948736

It didnt take long for shopee to be the target again. Based on Dreamybear's linked report, there is a simple way for Sea to be cashflow positive. End its shopee Brazil operations which will save $1.1 billion in cash burn annually. However, this will mean GMV will decelerate this year by a lot (at least 10%).

Simple solution to improve cash flow
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