Sea tops forecasts as Shopee fends off TikTok, Lazada challenges

Q2 revenue jumps 48% to $7.8bn as e-commerce, fintech and gaming businesses expand Sea's revenue from e-commerce business Shopee grew 48.2% to $5.6 billion as the company fended off competition from ByteDance's TikTok Shop and Alibaba Group Holding's Lazada. © Reuters SINGAPORE — Singapore-based Sea on Tuesday reported strong revenue growth for the April-June quarter, driven by its core e-commerce business and supported by expansion in its digital financial services and gaming segments.

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