Sea to Launch New Cloud Computing Business

Sea, the parent company of Shopee, is launching a new cloud computing business, according to its CEO Forrest Li.

This move comes as the company reports strong sales growth, with a 2.3% increase to 22.7 billion euros globally and a 1.4% increase to 5.14 billion euros in Brazil.

The new business may also involve the listing of Monee, Sea’s financial services arm, on the stock market.